So far this year, China stocks have taken a beating: According to Morningstar, the best-performing fund year-to-date is a China ultra-short fund. And that's on the heels of 2008's record 53 percent loss in the MSCI China index.
That aside, Money Morning is taking a contrarian stance with 11 reasons why it's actually a good time to buy China. Those reasons include: smart investors--including Mark Mobius--are loading up on Chinese stocks; the country's stocks are ridiculously cheap, as the average is trading at less than eight times earnings; earnings are growing; and the country has massive foreign reserves.
I recently spoke with ETF expert Jim Wiandt of IndexUniverse, who also favors China [see 9 ETFs for 2009].
Greg Beaman of OR @ Jan 27, 2009 23:50:27 PM