The iShares FTSE Xinhua China 25 (FXI) ETF is even worse, down 9.4%.
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The iShares FTSE Xinhua China 25 (FXI) is down 4.5% and the iShares MSCI Brazil (EWZ) is down 3.47%.
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The iShares FTSE Xinhua China 25 (FXI) rose 8.4%, while Market Vectors Russia (RSX) rose 10.75% over the same period.
The popular iShares FTSE Xinhua China 25 (FXI) exchange traded fund is down 0.8% in the pre-market hours on Wednesday.
The iShares FTSE Xinhua China 25 (FXI) exchange traded fund is trading below its 50 and 200 day moving averages.
The iShares FTSE Xinhua China 25 (FXI) dropped by around 19% last year and is on path to erase those losses if current trends continue.
Since June 1, the iShares FTSE Xinhua China ETF is down 4.95%, underperforming the MSCI Emerging Markets index and the MSCI EAFE, both down around 2.9%.
Ironically, despite the notion that China was a runaway train, the iShares FTSE Xinhua only recently started posting gains and is up a modest 0.5% YTD.
Both have outperformed the iShares MSCI Brazil (EWZ), iShares FTSE Xinhua 25 (FXI), Wisdom Tree India (EPI) and Market Vectors Russia (RSX) over the last month.
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Even with GDP growth of 9% in the 12 months ending in the first quarter, the iShares FTSE Xinhua China ( FXI) exchange-traded fund has been a money loser all year.
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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.
The black box bought the iShares MSCI Brazil (EWZ) ETF, Market Vectors Russia (RSX), Wisdom Tree India (EPI) and iShares FTSE Xinhua China (FXI), among others, instead of Vanguard and iShares MSCI Emerging Markets index funds.
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The iShares MSCI Brazil (EWZ) is down 22.4%, Market Vectors Russia (RSX) down 21.8%, Wisdom Tree India (EPI) down 16.4%, iShares FTSE Xinhua China 25 (FXI) down 15.9% and the MSCI Emerging Markets index (EEM) down 19.5% over the last month.
Last week it was a buyer of all of the big emerging market exchange traded funds, but a week later, it was a seller of the iShares MSCI Brazil (EWZ), iShares FTSE Xinhua China 25 (FXI), the Wisdom Tree India (EPI) and Market Vectors Russia (RSX) ETFs.
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At first glance, the Dreyfus Greater China fund might look disappointing, until you look at it for the long haul and compare it to one of the main ways the retail investor hops on the China bandwagon, through the iShares FTSE Xinhua China 25 (FXI) exchange traded fund.
Over the last month, the iShares FTSE China Xinhua 25 (FXI) ETF is up 27.9%.
The iShares FTSE China Xinhua 25 exchange traded fund versus the iShares MSCI Emerging Markets ETF.
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The iShares FTSE China Xinhua 25 (FXI) exchange traded fund is up 13.44 percent in the last three months.
Nevertheless, China equities are still beating the MSCI Emerging Markets index, if measured by the FTSE China Xinhua 25 (FXI) exchange traded fund.
Over the last six months, the iShares FTSE China Xinhua 25 ( FXI) exchange traded fund has outperformed the MSCI Emerging Markets index.
Over the last five trading days, the iShares FTSE China Xinhua 25 ( FXI), laden with banks and real estate firms, is down 1.19 percent.
The main China exchange traded fund, the FTSE China Xinhua 25 (FXI) traded up 0.72 percent on Friday and is now down 0.29 percent year to date.
The iShares FTSE China Xinhua 25 (FXI) exchange traded fund, laden with the much despised financial and real estate sectors, is up 1.85 percent in the pre-market hours.
There is a fundamental shift going on in China, even if the technical trade is killing the MSCI China index and the FTSE China Xinhua 25 (FXI) exchange traded fund this year.
But investors will have to pick their spots, which means guys like Way can, in theory, beat out the broad based exchange traded funds like the iShares FTSE China Xinhua 25 (FXI).
One of the mostly hotly traded exchange traded funds, the iShares FTSE China Xinhua 25 (FXI) is trading at multiples of just 7.9x trailing earnings while the iShares MSCI Emerging Markets (EEM) ETF is trading nearly 10x earnings.
Concerns over a general economic slowdown in China, plus the eroding residential real estate market has hurt the finance-heavy iShares FTSE China Xinhua 25 (FXI) exchange traded fund, a popular vehicle for retail investors hopping on the China band wagon.
The MSCI Brazil (EWZ) exchange traded fund is down 8.73 percent year to date while the iShares FTSE China Xinhua 25 (FXI) ETF, the second worst performer due to a load of bank and real estate shares in that particular fund, is down 5.38 percent.
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