Just a few months removed from the SHIBOR debacle, some investors may not be inclined to make large bets on Chinese banks. The silver lining is that China and Russia have emerged as two of the emerging world’s largest dividend payers and BIK sports a decent dividend yield of nearly 3.1%. [ETFs Languish as Analysts Miss Mark on Chinese Banks]
That shows are investors are compensated for taking the risk offered by this fund. And yes, BIK is cheap on valuation with a P/E ratio of just eight. BIK holds 46 stocks and has nearly $229 million in assets under management.
SPDR S&P BRIC ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EEB.