Salient to Investors:
Adam Johnson writes:
- The drumbeat against China’s ability to grow has been relentless despite more economic data over the past month beating forecasts than has fallen short. China’s retail sales so far in 2013 have risen by almost 13 percent, meeting economist forecasts.
- The iShares China Large-Cap ETF has fallen 18 percent over the past 3 years but the economic data calls for a rebound.
- Compared to the Dow Jones Industrials, the 25 companies in the iShares China Large-Cap ETF are growing earnings at 16 percent or nearly 3 times faster, trade at half the valuation at 8.2 times earnings, and pay higher dividends.
Read the full article at http://www.bloomberg.com/news/2013-08-09/don-t-miss-china-s-flood-of-growth-signals.html
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