How to Make 1,000% Profits with Asia ETFs
by Chris Rowe 12/03/08Singapore has an immigration system that promotes economic growth, incentivizing the brightest students in Mainland China to migrate to Singapore. Private business, foreign trade/investment and tourism are all encouraged by its government.
Tourism, one of its biggest industries, is growing fast as intrigued travelers from around the globe are drawn to Singapore's popular nightlife.
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The next ETF I'll recommend will recommend has similar upside to. I recommend buying half here, and hopefully it will get smacked down to lower levels. It closed Wednesday at $10.02, down from its high of about $24.
iShares MSCI Hong Kong Index Fund (EWH)
This ETF tracks an index that consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The yield is currently 6%. This ETF mainly holds stocks that are in Hong Kong's financial sector.
Why Hong Kong? Why their financial sector?
The richest city in China, Hong Kong is absolutely the most attractive financial market for Chinese companies to go public.
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