A few years ago Brazilian equities were the top attraction for global investors when the country was booming. These days the communist country of China has become the focus of attention for investors. Though China is being widely mentioned as the culprit for causing the latest meltdown in world equities, many other factors can be attributed for the crash. For example, though on the surface the US economy seems to have recovered in reality plenty of structural problems continue to persist underneath the surface. Though the official unemployment rate is just 5.3%, the real rate is much worse. By some estimates it is over 20%.
Turning back to China, the Shanghai Composite Index has lost all its gains for the year and is actually down by over 8% now. Many of the Chinese ADRs have performed even worse with losses of over 25%
The following table shows the year-to-date returns of Chinese ADRs trading on the US exchanges:
The complete list of Chinese ADRs including the ones trading on the OTC markets can be found here.
Disclosure: No Positions
