These ETFs Topped Peers by Riding a Surge in Chinese Consumers
- The summer stock rout wasn't enough to crimp this year's gains
- Online shopping and incomes have been soaring in China
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The year’s best performing exchange-traded funds are linked to China. Yes, China.
Consider this: Three of the world’s top five ETFs with market caps above $100 million track stocks tied to the nation, out of more than 750 globally. They follow booming shares such as household-appliance firm Suning Commerce Group Co. and Leshi Internet Information & Technology Corp., whose LeTV just won some rights to broadcast English soccer league games. While the ETFs dropped in the third quarter, they’re still up more than 27 percent for the year.