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China Roars, Stumbles

Posted by: Lauren Young on October 19, 2007

Chinese ETFs may be on fire in terms of performance, but some investors are getting cold feet. Despite a run up in the Shanghai Stock Index, mutual fund investors pulled money out of China stock funds for the first time in eight weeks ending Oct. 17, according to EPFR Global, an international fundtracker. “After the recent run-up in emerging equity markets, especially in Asia, valuations are starting to look rich again and investors are holding back a bit,” notes EPFR Global Analyst Cameron Brandt. Korea funds, however, took in cash for the 23rd time in the past 24 weeks.

While a slew of new ETFs and mutual funds focusing on China have been launched this year, investors should proceed with caution, according to Gene Sit of Sit Investment Associates. And Motley Fool says: Get Out of China While You Still Can. Yikes.

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Businessweek’s Emily Thornton, Amy Feldman, Ben Levisohn, and Ben Steverman focus on matters great and small for investors, from the views of a hot fund manager to an explanation of the latest products devised by Wall Street’s rocket scientists. Exploring trends in any area, from bonds and stocks to closed-end funds and futures, always with an eye towards giving investors a better understanding of the sometimes confusing and often chaotic world of finance. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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