John Gaats

Why I'm Closing Some Asian Positions

I sold my China holding (FXI) not because something had changed in China. But because the bet that it offers a safe haven away from credit cruch and subprime was wrong. We punish ADRs harder here. My PKX holding is crying now. I don't want to this one on the same day. In the last ten days, my ADRs perform worse than big financials.

International ETFs: The Best and Worst Players This Month

Good observation.

It is hard to understand that FXI decreases by -7.4% when EWH is up. Afterall, the underlyings for both are from HongKong. I wonder how much is difference between our pricing and the NAV.