Leave the Banks, Take This China ETF
July 19, 2013 at 13:01 PM EDT
One of the most memorable lines from "The Godfather" is "Leave the gun. Take the cannoli." In the midst of what has been a dour year for ETFs tracking China, good advice would be "Leave the banks. Take the tech." The June spike in China's interbank lending rate, the SHIBOR rate,