iShares FTSE/Xinhua China 25 Index (ETF) (FXI)

StormBroker (31.39) Submitted: 5/09/08 10:01 AM : Start Price: $50.68 FXI Score: -11.43

FXI (iShares China Fund), is an attractive means by which to track the growth of China’s largest and most stable companies. Notable holdings include China Mobile, China Life Insurance, PetroChina, and others. China’s boom is far from over and will continue over the next several years. However, I recommend FXI as a short-term play. Currently just over $150 after taking a close to 3% hit upon opening this morning, FXI is well under its 52 week high of $219. Look to buy FXI at $152 or lower and sell it above $160 for a nice short-term gain.

Report this Post Replies: 0 | Reply