In China, recovery already seems to be a reality according to Fortune’s Mina Kimes.
In the recent article China on the march, again, Kimes writes that real estate, auto, and industrial sales have all bounced back this year, driving stocks on the Shanghai exchange up 50% since February.
The velocity of the Chinese rebound surprised the World Bank, which recently increased its estimate for the country’s GDP growth this year from 6.5% to 7.2%. J.P. Morgan believes that China can still achieve 8% growth in 2009.
How can ETF investors play the trend?
Kimes suggests the iShares FTSE/Xinhua China 25 Index (FXI), which tracks the 25 largest Chinese companies traded in Hong Kong. Another option is the SPDR S&P China ETF (GXC) which tracks an index that measures the investable universe of those publicly traded companies domiciled in China that are legally available to foreign investors.