How to Lose Money: Buy Stocks With "China" In the Name
The recent collapse in the share price of Chinese reverse mergers is at this point widely known.
But, what if investors had simply purchased a basket of companies with the name "China" somewhere in the security?
Here are the performances of securities on the NYSE, containing the word "China," over the past six months:
Aluminum Corp of China (NYSE: ACH) down 12.97%.
China National Offshore Oil Corp (NYSE: CEO) down 0.05%.
China Telecom Corp (NYSE: CHA) up 19.46%.
China Mobile (NYSE: CHL) down 4.78%.
China Unicom (NYSE: CHU) up 42.7%.
China Security & Surveillance Tech (NYSE: CSR) up 4.83%.
China Yuchai International (NYSE: CYD) down 27.65%.
China Life Insurance (NYSE: LFC) down 16.11%.
China Nepstar Chain Drugstore (NYSE: NPD) down 31.14%.
PetroChina (NYSE: PTR) up 14.38%.
China Petroleum & Chemical Corp (NYSE: SNP) up 1.66%.
China Digital TV Holding (NYSE: STV) down 23.9%.
China Southern Airlines (NYSE: ZNH) down 9.68%.
Total Loss: 3.22%.
For comparison, in that same time period, SPDR S&P 500 (NYSE: SPY) rallied 5.55%.
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