FXI etf is it good
6/13/2024 03:09am
**The iShares China Large-Cap ETF (FXI) appears to be a good investment based on several factors**:
1. **Strong Performance**: FXI has outperformed the MSCI World index year-to-date, with a return of 24.79% as of June 12, 2024. This indicates that the ETF has been a strong performer in the current market conditions.
2. **Analyst Consensus**: The ETF has a Strong Buy consensus rating based on the ratings of 52 Wall Street analysts. This suggests that analysts are optimistic about the ETF's future performance.
3. **Inclusion in Diversified Portfolios**: FXI is included in diversified portfolios, indicating that it is considered a reliable and valuable investment option.
4. **Sector Weightings**: The ETF has significant weightings in sectors such as Communication Services and Consumer Cyclical, which have shown resilience and growth potential.
5. **Technical Indicators**: The ETF's technical indicators show a Buy signal, with a MACD of 0.07 and an RSI of 46.68. This suggests that the ETF is in a bullish trend.
6. **Market Sentiment**: There is a positive sentiment towards China and Chinese stocks, with analysts seeing significant upside potential for FXI. This indicates a favorable outlook for the ETF's underlying assets.
However, it's important to note that the available data does not provide a complete picture of the ETF's financial health. Key financial metrics such as EPS, ROE, and Debt-to-Equity Ratio are not available, which limits a more detailed fundamental analysis. Investors should consider these factors along with the positive indicators mentioned above to make an informed decision.