IFXAF.PK - News and Analysis from Seeking Alpha 'IFXAF.PK' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/symbol/ifxaf.pk A Look at Currencies http://seekingalpha.com/article/78806-a-look-at-currencies?source=feed 78806 As I left you Thursday, the dollar was fighting back after being beaten around the head and shoulders all week. The "save the dollar from the free fall" work did its job yesterday… But that should be short-lived, in my opinion, as the U.S. fundamentals continue to show rot on the dollar's vine.

On Monday, I talked about the existing home sales data that would print today. I know at this point Monday seems like a month of Sundays ago, but the data will finally print today. Existing home sales for April is expected to fall another 1.6% for the month. This would bring the total of existing homes sold annually to 485 million, which would be the lowest level since they began keeping records like this in 1999.

]]> Fri, 23 May 2008 06:24:00 -0400 The Daily Reckoning The Daily Reckoning submits:

As I left you Thursday, the dollar was fighting back after being beaten around the head and shoulders all week. The "save the dollar from the free fall" work did its job yesterday… But that should be short-lived, in my opinion, as the U.S. fundamentals continue to show rot on the dollar's vine.

On Monday, I talked about the existing home sales data that would print today. I know at this point Monday seems like a month of Sundays ago, but the data will finally print today. Existing home sales for April is expected to fall another 1.6% for the month. This would bring the total of existing homes sold annually to 485 million, which would be the lowest level since they began keeping records like this in 1999.


Complete Story »]]> FXE FXF IFXAF.PK The Daily Reckoning Chinese Castle in the Air: The A-Shares Craze http://seekingalpha.com/article/34487-chinese-castle-in-the-air-the-a-shares-craze?source=feed 34487

This week is the “Golden Week” in China, a national holiday that lasts for a week -- local stock markets are closed. Most Chinese will take a break from watching stock quote screens and travel to Hong Kong or overseas for vacation trips.

A relative of mine from Guangzhou visited me yesterday in Hong Kong and I took the chance trying to understand first hand the development of the A-share craze. She is a 60 years old house wife, a retired civil servant, never invested in stock market until very recently.

]]> Fri, 04 May 2007 02:17:54 -0400 Siwei Zhong Siwei Zhong submits: Economist John Maynard Keynes applied psychological principles to investment theory and pronounced the “Castle in the air” theory back in 1936. It analyzes how the crowd of investors will behave in the future -- stock valuation is based on optimism and investors tend to build their hopes into castles in the air. That applied to the dotcom craze, and it also applies to the current China A-share market.

This week is the “Golden Week” in China, a national holiday that lasts for a week -- local stock markets are closed. Most Chinese will take a break from watching stock quote screens and travel to Hong Kong or overseas for vacation trips.

A relative of mine from Guangzhou visited me yesterday in Hong Kong and I took the chance trying to understand first hand the development of the A-share craze. She is a 60 years old house wife, a retired civil servant, never invested in stock market until very recently.


Complete Story »]]> CAF IFXAF.PK Siwei Zhong Morgan Stanley and iShares: Two China A-Share ETFs http://seekingalpha.com/article/29683-morgan-stanley-and-ishares-two-china-a-share-etfs?source=feed 29683

Below is a comparison of these two ETFs and my personal preference based on the latest development of the Chinese government policy.

Listing Location

CAF is US listed closed-end fund denominated in US$; iShares FTSE/Xinhua A50 China Tracker is HK listed denominated in HK$ (2823.HK) and is traded on the pink sheets in the US (IFXAF.PK).

Index Fund/ Actively Managed Fund

]]> Thu, 15 Mar 2007 09:13:12 -0400 Siwei Zhong Siwei Zhong submits: As of yesterday there are now two ETFs with a pure focus on the China A-share market. They are Morgan Stanley China A Share Fund (CAF) and iShares FTSE/Xinhua A50 China Tracker (IFXAF.PK) (or 2823.HK).

Below is a comparison of these two ETFs and my personal preference based on the latest development of the Chinese government policy.

Listing Location

CAF is US listed closed-end fund denominated in US$; iShares FTSE/Xinhua A50 China Tracker is HK listed denominated in HK$ (2823.HK) and is traded on the pink sheets in the US (IFXAF.PK).

Index Fund/ Actively Managed Fund


Complete Story »]]> CAF IFXAF.PK Siwei Zhong