It is hard to think of investing these days without looking abroad for some part of your investments. And, the one place that seems absolutely hot is China. Of course, it is risky too, what with all the manufacturing issues recently. But, it is just bursting with growth and opportunity. I have found one holding that has worked for me. It's an ETF (exchange traded fund) on the New York Stock Exchange.
Now, I am not recommending it -- I have never recommended a single stock. But it is worth a close look. It's symbol is FXI and like all ETFs, it is a basket of mostly large Chinese securities. Actually the basket has only 25 stocks, about 30% in manufacturing, 50% in service, and 20% information. It has been doing extremely well over the last year, going from mid 70 to about 130 now. It may be too hot right now, but I said that two months ago and it keeps going up.
Anyway, take a look at it and post any comments here. If anyone has other suggestions of China plays, I would like to hear them.
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Why are ETFs so sexy by nidhi - Aug 08, 2007.













