iShares China Large-Cap ETF (NYSEArca: FXI)
YTD: Down 4.5%
Decline From Pre-Crisis High: 42%
Comment: Forty-two percent sounds like enough to rule FXI out of an imminent return to its glory days, but that does not mean China ETFs are not offering opportunity. Chinese stocks are viewed as inexpensive and the market has become a favorite among global banks that are expecting the world’s second-largest economy to be lead an emerging markets equity recovery next. Pivotal to FXI’s fortunes is the ability of state-run companies to participate in upside for Chinese stocks. [China ETFs Gain Fans and Doubters]