Weak manufacturing data continues to be a drag on the performance of China equities. The FTSE-Xinhua China 25 Index Fund (FXI) is up only 6% in the past 12 months while the S&P 500 is up 28% over the same time period.
China equities have continued to underperform the broader market throughout the second half of 2011. The $6 billion iShares FTSE-Xinhua China 25 Index Fund (FXI) is down nearly 19% since the end of June compared to only a 2% decline for the S&P 500.
The $8 billion FTSE China 25 Index Fund (FXI) is down over 9% from a high achieved in early November. That compares to a 6% gain for the S&P 500 over the same time period.
After a strong run from the March lows, China ETFs have fallen into a 4 week losing streak. The $10 billion iShares FTSE-Xinhua China 25 Index Fund (FXI) was recently up 89% from early March before hitting the skids at the end of July.