The Chinese yuan is, undoubtedly, one of the most widely followed and controversial currencies in the world. Previously a lightening rod for U.S. politicians that believe China intentionally weakens the yuan to the benefit of its exporters and the detriment of U.S. companies, the yuan is now seen by some market observers as undervalued.
Massive capital outflows from China along with dwindling though still robust foreign currency reserves are seen plaguing the world's second-largest economy. Those factors, among other have weighing on China exchange traded funds, including the SPDR S&P China ETF (NYSE: GXC). GXC, home to nearly $696 million in assets under management, is down 11.6 percent year-to-date, but to the ETF's credit, it is up more than eight percent in the ...
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