Often criticized for its large weight to the financial services sector, which currently rests at 53.6%, that hefty exposure has worked in FXI’s favor this year as Chinese banks have rallied. Dividend growth by banks there has made China the largest dividend payer in the developing world.
FXI’s roster of 26 stocks will grow to 50 next month when the ETF transition to the FTSE China 50 Index at the close of U.S. markets on Sept. 19.
iShares China Large-Cap ETF
Chart Courtesy: Kimble Charting Solutions
ETF Trends editorial team contributed to this post.