I need to start tracking some China ETF's. So FXI, what else? Anything related specifically to Shnaghai? Don't think I have the balls to play them just yet fwiw. Shanghai just continues to be ridiculous. Looking at that chart, it just reminds me of the NAZ. Not yet ready to fall off a cliff but when if ever...Are they going to have new rules put in place like a capital gains tax or allow shorting. Irrational exuberence at its best.
PGJ is another one, smaller etf compared to FXI Here are its holdings: Company Symbol % Assets ALUMINUM CP CHIN ADS ACH 6.6 Baidu.com, Inc. ADR BIDU 4.48 CHINA LIFE INS CO LFC 5.58 CHINA MOBILE LIMITED CHL 6.92 CHINA UNICOM LTD CHU 4.62 CNOOC LTD ADS CEO 4.63 HUANENG POWER INTL HNP 4.18 PETROCHINA CO ADS PTR 5.47 Sinopec 4.06 Yanzhou Coal Mining 5.39
Buffet's decision to get out makes sense to me. If i recall correctly he started getting in around $17 or $18 (it was a while back). I owned it in the $70-$100 range but wasn't smart enough to hang on. 185 billion shares out but 85% held by the parent company. Dividing 1 trillion net worth by 185 billion comes to about 5 bucks a share. Mr. Buffet probably made the right decision.