Today were published iShares MSCI China Index Fund (NASDAQ:MCHI)‘s daily net flows. The ETF registered $231.58M asset inflows for 10.71% increase, reaching $2392.99M after yestarday’s trading session. The chart of iShares MSCI China Index Fund shows positive short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The stock increased 0.44% or $0.21 on October 14, hitting $47.84. About 1.08 million shares traded hands. iShares MSCI China Index Fund (NASDAQ:MCHI) has risen 15.75% since March 14, 2016 and is uptrending. It has outperformed by 10.14% the S&P500.
The ETF’s YTD performance is 9.49%, the 1 year is 13.07% and the 3 year is 3.83%.
The ETF’s average P/E ratio is 11.07, the price to book is 1.25, the price to sales is 1.21 and the price to cashflow is 3.65. iShares MSCI China Index Fund is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: TENCENT HOLDINGS LTD for 14.09% of assets, Alibaba Group Holding Limited A for 10.79%, CHINA MOBILE HONG KO for 6.77%, CHINA CONSTR BANK for 5.66%, Baidu Inc. for 4.49%, INDUSTRIAL & COMMER for 4.19%, BANK OF CHINA BEIJIN for 3.29%, PING AN INSURANCE for 2.47%, CNOOC LTD HONG KONG for 2.01%, CHINA LIFE INS CO H for 1.75%. The ETF sector weights are: Basic Materials 2.71%, Consumer Cyclical 16.52%, Financial Services 25.97%, Realestate 4.03%, Consumer Defensive 3.00%, Healthcare 1.94%, Utilities 2.75%, Communication Services 8.18%, Energy 5.49%, Industrials 4.38%, Technology 25.02%. The ETF currently as 0% yield.
More notable recent iShares MSCI China Index Fund (NASDAQ:MCHI) news were published by: Etfdailynews.com which released: “China’s Debt May Be Reaching Critical Levels” on September 18, 2016, also Etfdailynews.com with their article: “With China Stocks Looking Up, Here’s the Right ETF to Choose” published on August 29, 2016, Etfdailynews.com published: “Best Sectors To Buy In The Fourth Quarter” on October 12, 2015. More interesting news about iShares MSCI China Index Fund (NASDAQ:MCHI) were released by: Businesswire.com and their article: “Bats ETF Marketplace Welcomes iShares MSCI China A ETF” published on June 15, 2016 as well as Benzinga.com‘s news article titled: “China Right Now: The Trade Imbalance, Opening Financial Markets And The U.S …” with publication date: August 19, 2016.
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