iShares China Large-Cap ETF (NYSEArca: FXI)
Local Market YTD: -6.27%
ETF YTD: -7.6%
Comment: With Friday’s 4.4% gain, FXI was able to cut its year-to-date loss by a third. To be fair to China ETFs, several have outperformed FXI this year and several have generated excellent returns. In the case of FXI, it is not bereft of catalysts with which to rally into year-end. For example, Chinese stocks remain inexpensive relative to the broader emerging markets pack. [Reforms Boost China ETFs]