hs vs spi Does it Matter? (投资无差异)A look back of the stock market in the last 2 years shows that if one invests some money in the US stock market, he would have got exactly the same return as if he had invested in the China’s stock market (Hang Seng Index). The chart shows that the two stock markets moved hand in hand in the broad trend, with Hang Seng underperforming in ’08/09 and over performing in the second half of 09 to the first half of ’10. It also shows that during a time for risk appetite, Hang Seng tends to out perform S&P and vice versa.

比较过去两年恒生指数和S&P指数可以看出，这两个股票市场给投资者带来的收益几乎是一样的。当然在不同时段股票的表现不一，但是从长期来看，可能各个股市之间的差异性正在逐步缩小。

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