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iShares MSCI China ETF (MCHI)

  • Feb. 6, 2013, 7:35 AM
    Shanghai climbs just 0.1% overnight, but it's enough for the index's 8th straight gain, and now a 28% advance since early December. Volume is up sharply too as Beijing does what it can to encourage a flow of money into common stocks. The latest was last week's expansion of the number of stocks available for margin financing and short-selling. FXI -0.3% premarket.
  • Jan. 29, 2013, 7:05 AM
    The Shanghai Composite enters bull market territory, with last night's 0.5% gain putting the index up 20% since Dec. 3. In addition to ideas the slide in economic growth has bottomed out are the continuing efforts of Beijing to funnel domestic and overseas money into common stocks. The latest is chatter individual Taiwanese will be allowed to invest in Chinese shares.
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  • Jan. 28, 2013, 6:59 AM
    The Shanghai Composite +2.4% overnight to a 7-month high, with this weekend's strong print in industrial company profits a nice excuse to buy. Sany Heavy - the country's largest maker of construction equipment - posted a 5.2% gain. The financial index rises 4.8%, with securities firms continuing to benefit from Beijing's moves to encourage investment in common stocks.
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  • Jan. 18, 2013, 7:52 AM
    FXI +0.6% premarket after China reported speedier than expected Q4 GDP growth overnight. The Shanghai Composite rose 1.4%. The Hang Seng (EWH) +1.1%. A separate report shows home prices rising in 54 out of 70 tracked cities, the most in 20 months. 
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  • Jan. 14, 2013, 6:57 AM
    FXI gains 1.1% premarket after Shanghai rockets 3.1% thanks to the government's continued efforts to boost the appeal of stocks. The latest is word Beijing could vastly increase the size of two foreign investment programs. Leading the gains were the brokers, +4.8%.
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  • Jan. 11, 2013, 7:18 AM
    Shanghai has its biggest fall in awhile, sliding 1.8% with higher than expected inflation as good an excuse as any for selling a market that's gone up nearly 20% in a straight line since early December. Leading the decline were property developers, off 3.8%. FXI -1% premarket.
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  • Jan. 4, 2013, 7:29 AM
    Shanghai gains 0.4% in its first session of the new year, even as decliners led gainers by a 2:1 margin. Leading gains were the insurers - Ping An +4% - after regulators moved to allow them to set up mutual funds. FXI -1% premarket.
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  • Dec. 31, 2012, 11:56 AM
    More details on iShares' ETF fee hikes: Going to 0.61% from 0.58% (a 5.2% hike) are its Russia Capped Fund (ERUS) and China Fund (MCHI).
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  • Dec. 31, 2012, 8:47 AM
    More on the iShares price hikes: Mostly targeted for higher fees is the manager's line of single country ETFs - Brazil (EWZ), Japan (EWJ), Australia (EWA), Hong Kong (EWH), Canada (EWC), and Singapore (EWS), just to name a few of the more popular ones.
  • Dec. 28, 2012, 7:22 AM
    A rally in Shanghai rebar prices - up 8.9% in Q4, the best performance in 2 years - combines with an even bigger move in iron ore, convincing some of a renewal in the Chinese property boom. Stocks in Shanghai +1.2% last night to the highest close since early summer, and putting the market in the green for 2012.
  • Dec. 14, 2012, 9:20 AM
    China opens wide the gates to its stock market, ending the $1B limit on stock ownership by overseas sovereign wealth funds and central banks. A rumor this move was coming was likely behind the 4.3% moonshot in Shanghai overnight. FXI +1.7% premarket.
  • Dec. 14, 2012, 7:13 AM
    Stock markets don't soar 4.3% on the back of middling flash PMI reports. Shanghai's moonshot overnight is likely more to do with institutional investors and state-owned firms (mostly one and the same in China) jumping all at once into a market trading at 2009 levels. With HSBC pushed aside, Ping An insurance gained 8% amid speculation it's boosting its position in equities. Financial shares (CHIX) overall gained 6.7%. FXI +1.8% premarket.
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  • Dec. 10, 2012, 1:20 PM
    Emerging markets are hot, but just some of the smaller markets - Colombia (CXG), Philippines (EPHE), South Africa (EZA), Thailand (THD), Turkey (TUR) -  are seeing ETF inflows which could be described as worrying. Among the larger markets, India (MSCI India +28% YTD) and China (MSCI China +14% in last quarter) aren't seeing this sort of interest.
  • Dec. 10, 2012, 7:07 AM
    The Shanghai Composite tacks on to last week's 4.1% gain, adding 1.1% in the wake of positive domestic economic data even as export growth continues to disappoint. "The Chinese economy is now in a sweet spot and can stay in the sweet spot," says BofA's Lu Ting. "The current macro backdrop should bolster asset prices." Goldilocks?
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  • Dec. 5, 2012, 7:14 AM
    Shanghai soars 2.9%, with chatter about plans for speeding up the "urbanization" process coming out of a Poiltburo meeting as good an excuse as any for the big move. Industrial firms (CHII) lead, including Sany Heavy Industry +10% and Anhui Conch Cement +4.8%. Financials shares (CHIX) had a big move after Beijing eliminates a rule limiting investment in banks by insurers.
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  • Dec. 4, 2012, 8:56 AM
    Index selection matters. The Shanghai Composite -  trade is limited to mainlanders - makes headlines for hitting multiyear lows, but Hong's Kong's China Index is up 6% YTD, suggesting foreign investors see value. Also helping in Hong Kong is the higher relative weighting of real estate companies (TAO +52% YTD). On the other hand, struggling miners make up a greater weighting in Shanghai.
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MCHI Description
The iShares MSCI China Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Index.
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Country: China
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