Not Everyone is Bearish on China (MS, FXP, FXI)
Submitted by WSN_Staff on Tue, 04/13/2010 - 14:38.
Jack Wadsworth, Morgan Stanley (NYSE:MS) Asia honorary chairman talked with Bloomberg today and he sees growth by investing in Chinese equities. Thus go Bullish on China with iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI) versus going bearish on China using the ProShares UltraSh FTSE/Xinhua China 25 (NYSE:FXP).
Wadsworth says "we're very far from having a bubble" in China and in the attached video explains why he's still going long. (Source: Bloomberg). The FXP hit a new 52-week low last week of $6.97 while the FXI is just a few dollars away from its 52-week high of $46.66. Read our article New 52-Week Low for ProShares UltraShort China But Call Volume Huge (FXP) published last week for more insight on the bearish China play.
Google Links:
| Ticker | Company | Price | Change | Chg % | Mkt Cap |
|---|---|---|---|---|---|
| FXP | ProShares UltraSh FTSE... | $7.27 | +0.12 | 1.68% | 383.94M |
| FXI | iShares FTSE/Xinhua Ch... | $43.67 | -0.32 | -0.73% | 9.48B |
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