|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||26.98 - 27.10|
|52 Week Range||24.04 - 27.74|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.45%|
As we discussed in the previous part of this series, China (FXI), Japan (EWJ), Ireland, and the Cayman Islands hold the majority of the debt issued to the United States. The reason for these countries holding such high US debt is the trade surplus with the United States. The United States pays for this trade deficit in US dollars (UUP), and these countries use these surplus funds to buy dollar assets, mostly US government debt.
The Chinese yuan, or renminbi, is known as "the people's currency," and reflects the country's rapidly evolving financial and market-based policies.
This week’s trending ETFs are centered on global markets and currencies. Brazil’s economy has bottomed out over the last few years but shows signs of growth potential. MLPs have seen a slight uptick with large movements from oil and natural gas. With U.S. President Trump and Chinese President Xi meeting this week, the Chinese yuan has seen increased interest with talks of currency manipulation. European equities gained exposure with Brexit starting last week. As U.S. markets sell-off, volatility in the market is increasing.
The US dollar is expected to keep the yuan under pressure. Investors can probably expect a massive outflow of capital from China in 2017.