|Bid||20.90 x 1100|
|Ask||21.60 x 1300|
|Day's Range||21.35 - 21.86|
|52 Week Range||19.73 - 70.38|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-44.66%|
|Beta (5Y Monthly)||-1.81|
|Expense Ratio (net)||1.07%|
While value bargain hunters may look to the pullback in China as a buying opportunity, ETF investors should reconsider the urge. “For a long time I thought the market sentiment was so strong that we could overcome a mounting list of economic uncertainty,” Economist Mohamed El-Erian told CNBC. It’s going to paralyze China.
After scaling new highs to start the year on the initial U.S.-China trade deal, Wall Street is badly shaken by the fast-spreading coronavirus that has led to fears of a worldwide pandemic.
As Chinese markets plunged in the wake of heightened coronavirus fears, traders looked to inverse exchange traded funds to capitalize on the pullback in case of further weakening in China's economy. For example, the ProShares Short FTSEChina 50 (YXI) takes the simple inverse or -100% daily performance of the FTSE China 50 Index. The ProShares UltraShort FTSE China 50 (FXP) attempts to deliver double the daily inverse or -200% returns of the same index.
Chinese stocks suffered their largest one-day fall this year on reports that coronavirus has spread. Keep an eye on these inverse China ETFs.
While the U.S.-China trade deal is injecting a healthy dose of optimism in the markets, the economic health of both nations is saying another thing. For China, underlying weakness in the country’s economy ...