Investors Not Settling For Beta Monkeys In China!

Beta Monkeys lol.  Someone needs to grab that url. "In finance, the beta (β) of a stock or portfolio is a number describing the relation of its returns with that of the financial market as a whole" (Wikipedia). Beta (relationship against S&P, Shanghai Composite etc.) is what managers should beat or you'd be better off owning a China Index ETF with lower fees and less risk (which still requires research). For example, iShares FTSE/Xinhua China 25 Index (FXI), SPDR S&P China (GXC) and iShares MSCI Hong Kong Index (EWH). Btw, the S&P, Dow and Nasdaq are at or near January resistance....
"There is a lot of interest in China, but investors are looking for top quality stock pickers in that market, and won't settle for the 'beta monkeys'," said Pyrke of Triple A Partners. (Link: Risk. Not for us, say some investors - 3/5/2010, Reuters)

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