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

China Stocks (Bullish)
Embedded Video: 

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

WallStNation.comThanks for visiting, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)

Share Content

Share this article with others, is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary

Please Review the Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details