FXI - EPI Scores Massive YoY Gains At The Expense Of China Nifty Returns In India
2024-02-05 00:28:07 ET
Summary
- Chinese investors are purchasing US and Japanese funds instead of Chinese funds, indicating a lack of confidence in the Chinese market.
- India's Nifty 50 Index is rallying to all-time highs, making the WisdomTree India Earnings Fund an attractive investment for US investors.
- EPI has shown strong growth in assets under management and has outperformed the S&P 500, earning it a buy recommendation.
- I outline key price levels to watch amid somewhat bearish seasonal trends in February.
China is finally giving up on China. Last week, Bloomberg reported that the country's investors purchased US and Japanese funds, among other geographically focused ETFs, at the expense of Chinese funds. It has the feeling of near-capitulation following a more than 60% drawdown in the iShares China Large-Cap ETF (FXI)....
EPI Scores Massive YoY Gains At The Expense Of China, Nifty Returns In India