Not Everyone is Bearish on China (MS, FXP, FXI)
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.
|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|