Avoiding China Has Been a Winning Investment Strategy. But It Isn’t Easy.

Traders in emerging-market shares have profited this 12 months by staying away from China. 

The MSCI China Index is down 8% this 12 months via Nov. 15, whereas a broader emerging-markets benchmark that excludes China has risen 8% over the identical interval. Chinese language shares have been weighed down by the nation’s shaky financial reopening, a pullback by international portfolio managers and an rising reluctance among the many nation’s small buyers to purchase shares.