FXI iShares China Large Cap ETF Is My Best Performing Chinese ETF
@koolgal:
🌟🌟🌟The latest stimulus plan by the Chinese authorities has produced a powerful rally in Chinese stocks. The CSI 300 Index of big Chinese companies that traded in Shanghai or Shenzhen rose 4.5% and was up 15.7% this week. The gain was the largest in a single week for the index since November 2008. The Hang Seng Index in Hong Kong was also up 12.8% this week. My best performing Chinese ETF is $iShares China Large-Cap ETF(FXI)$ as I am up 21%. FXI is one of the oldest China focused ETFs which started on October 5 2004 by BlackRock under its iShares brand. FXI represents a concentrated portfolio of 50 large cap H Shares, P Chips and Red Chips listed in Hong Kong. FXI draws i