Chinese ETFs fly after reforms announced

|By:, SA News Editor

"A demographic cherry" on top of the sundae that is China is how Yves Lamoureux describes Beijing's decision to ease up on the country's one-child policy. Lamoureux was already bullish on Chinese stocks, calling them the best contrarian asset play around. "if you look at world money managers, big portfolios, everyone is massively underweight China mostly ... This market is the second biggest in the world, but is trading like a third-world country, and should be valued 100% more.”

Chinese ETFs are sharply higher in wake of the one-child move and other reforms announced earlier. The popular FXI +5.3% and the newly-launched A-share tracker, ASHR +4.5%.

Chinese equity ETFs: FXI, GXC, PGJ, FXP, HAO, YINN, TAO, CHIQ, CHIX, PEK, YANG, MCHI, XPP, CQQQ, QQQC, YAO, CHXX, CHII, CHXF, ECNS, CHIE, YXI, CHIM, ASHR, KFYP, KWEB, FCA, TCHI, CHNA