Home to nearly $3.1 billion in assets under management, FXI is almost 13 years old. In its years on the market, the big China ETF has averaged an April gain of 4.6%, according to Schaeffer’s data.
Last month, the People’s Bank of China (PBoC) raised interest rates, a move that was mostly cheered by international financial markets.
BlackRock analysts believe China could experience solid near-term growth as global companies have become increasingly positive in China, based on analysis of text mining of corporate conference calls.
“FXI could be in focus in the coming days, with Chinese President Xi Jinping scheduled to meet with Donald Trump later this week. There’s also some interesting options data among the bunch,” notes Schaeffer’s.
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