Exchange-traded funds investing in China and other emerging markets raced ahead of the pack in the third quarter Chinese stocks surged, driven by growth expectations, large inflows of investor cash and a weaker U.S. dollar. For the three months ended Sept. 26, top-ranked ETFs were invested in China: SPDR S&P China ETF (GXC) gained 42.1%; iShares FTSE/Xinhua China 25 Index (FXI) was up 41.1%, and PowerShares Golden Dragon Halter USX China Portfolio (PGJ) rose 32.9%, according to investment research firm Morningstar Inc.
RC is invested in FTSE/Xinhua China 25 Index
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Monday, October 1, 2007
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