Curt Smith

Chindia ETF Exposes Investors to 40% of World Population

I'm concerned and curious and wanting to understand the many complicated forces in play:
- Chinese banks turned loose to buy foreign stocks. Rumor had it that the jump in the FXI was the banks buying. Not exacly spreading their risk eh?
- Goldman Sacks shorting the chinese ETFs and issuing a warning after they did so. Nice guys.
- Articles in China suggesting a full float of the yuan is a week away or soon. What effect does this have on the Bank purchases, the price of the FXI?

What's your thoughts on these issues? The near term price of the FXI, medium term etc?

tnx curt