ETF Outlook for the Week of May 12, 2014:
iShares FTSE/Xinhua China 25 Index ETF (NYSE: FXI)
Over the weekend Chinese President Xi Jinpig said his country needs to get accustomed to slower growth as the government continues to carry out their reforms. To combat slowing growth the country has implemented several stimulus packages, but at the same time they do not want to overheat the economy.
The comments are confusing, but it appears the President is setting the stage slower growth in the years ahead as evidenced by the recent economic numbers. The Chinese ETFs have fallen in the last month after a big rally from a 2014 low. Either sustained solid growth or more stimulus could be the catalyst to drive Chinese stock prices higher.
Market Vectors Gaming ETF (NYSE: BJK)
Two U.S.-based billionaires are making bets that Japan is the next gambling mecca. There are reports out that ...
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