One of the broadest China-based ETFs available to US investors is the Guggenheim China Small Cap ETF ( HAO), which tries to mirror the AlphaShares China Small Cap Index.

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Funds like the iShares China 25 Index Fund (FXI) and Guggenheim China Small Cap Index ETF (HAO) are better bets here.

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For less sanguine investors, the idea of going cap in hand to China smacked of desperation.

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The MSCI China index, which tracks large- and mid-cap Chinese companies, trades at eight times next year's earnings, about a third below its 10-year average.

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The company recently sold out of its position in the iShares FTSE Xinhua China 25 (FXI) exchange traded fund, a large cap fund made up primarily of financial services and basic materials.

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He has the ability to invest in the big cap stocks in many overseas markets, including Brazil and China.

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China and California now join the EU in each having their separate cap and trade systems, while Australia is forging ahead with its carbon tax.

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So, too, would be the case with investments in Emerging markets, including in China and India, as well as then taking profits from large-cap, mid-cap and small cap funds.

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Apple may already be the largest U.S.-listed company by market cap, but it is continues to produce astonishing growth, particularly in China, where the opportunities for the company remain vast.

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We also like China Biotics (CHBT), Safe Bulkers (SB) and Surmodics (SRDX) on the small cap list.

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