China ETFs: Rate Cut to Benefit State-Owned Banks
November 25, 2014 at 10:30 AM EST
After the People’s Bank of China’s surprise interest rate cut last week, exchange traded funds with large exposure to big Chinese banks could benefit the most as savers turn to the safety of stated-controlled companies. The iShares China Large-Cap ETF (NYSEArca: FXI), the largest China...