The selling in Chinese stocks has shown no signs of abatement in recent days, as double digit losses have quickly eroded much of this year’s gains.
This sudden collapse has most notably affected single country exchange-traded funds such as the iShares FTSE/Xinhua China 25 Index (ETF) (NYSE: FXI), which has dropped more than 19 percent over the last month. While investing in specific foreign countries can be risky, even more diversified emerging market ETFs have experienced the spreading pain of China’s drop.
The China Effect: ETFs
The Vanguard Emerging Markets Stock Index Fd (NYSE: VWO) and iShares MSCI Emerging Markets Indx (ETF) (NYSE: EEM) have both fallen over 6 percent in the early days of July, in what appears to be a sharp correction. VWO ...
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