10 Emerging Markets ETFs for 2013
This is not a bold prediction, but it is reasonable to expect one of 2012's hottest asset classes to stand tall again in 2013.
Not only that, by GXC is home to 220 stocks, nearly 8.5 times as many as FXI. Like FXI, GXC's top sector weight is financials at 34.7%, but that is far lower than the 57.5% FXI allocates to the same sector.
The good news is that on a valuation basis, Chinese ETFs still look inexpensive relative to the broader emerging markets universe. FXI has a P/E ratio of 12.89 and a price-to-book ratio 1.61, according to iShares data. GXC is slightly cheaper with a P/E ratio of 10.9 and a price-to-book ratio of 1.55.
Below, find some more great ETF and market content from Benzinga:
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