With positive finishes Wednesday, FXI and GXC are only modestly below their 52-week highs. A move above $80 could catapult GXC to the mid-$80s, an area the ETF has not seen since the second quarter of 2011.
Investors are still displaying some apprehension toward China ETFs. Through July 22, none of the ETFs mentioned here had added new money. FXI is lighter by $11.5 million this month, bring its year-to-date outflows to $1.1 billion.
Shanghai Composite/FXI
Chart Courtesy: Kimble Charting Solutions