Chamois16

Shifting Away From the U.S. and Into Asia: An ETF Play

The chinese yuan is not pegged to the US$; it was floated commencing 21 July 2005 and has risen slowly since. The Hong Kong Dollar is more closely tied to the US dollar

The writer seems to ignore arguably the best ETF to play a rising yuan (FXI) which consists mainly of robust mainland China companies (25 in all) whose earnngs and dividends are initially denominated in renminbi, rather than HK$, thus likely to pass along to HK and US ADR holders greater benefit than HK and other Asian shares.