If you have been following the global stock markets, chances are you would have read about the Chinese stock market rallying over the past few months to become one of the best performing stock market in the world recently. Shanghai composite index has returned about 60% since March last year (as of 11 March 2015) while S&P500 is up 9.5%. 1 Yr  Performance of Shanghai Composite vs. S&P 500. However, if you have been invested in Chinese stocks via mutual funds or ETFs, chances are your portfolio is not up by much. In fact you may be inclined to start blaming the fund manager for making the wrong investment decisions given the almost flat performance of a vast majority of china focused mutual funds and even ETFs that track index! Performance of Shanghai Composite Index vs FTSE/Xinhua China 25 Index (ETF: FXI traded in NYSE) So why has this ......