For China Exposure, Play the Field
You believe in China? You believe in the FXI then. We've been buying the iShares FTSE China 25 Index ETF (FXI) for the Action Alerts PLUS charitable trust, even though it does have a lot of financials, because we want to play what could be a gigantic turn in China, and we don't want to have to bet on the wrong Chinese horse and get skunked by it.
I can't overestimate the importance of that Chinese PMI number we got last night, especially given that it was very unexpected by most of the cognoscenti. We have a combination of the new leadership coming in with the first upside surprise of data, and it's so potent and palpable that it's not enough to go with the usual derivatives, like Emerson Electric (EMR), Caterpillar (CAT), Vale (VALE) and Eaton (ETN), even as the trust owns those, too....192 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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