MCHI will also compete with the SPDR S&P China ETF (NYSEArca:GXC), a $717 million fund with a 0.59 percent expense ratio. MCHI comes with an annual expense ratio of 0.61 percent-more than GXC's but less than FXI's 0.72 percent. While food- and energy-related inflation in the world's most populous nations has recently caused some investors to reallocate assets to developed economies like the U.S., few are arguing that China's longer-term prospects are blighted by its current battle to bring inflationary pressures under control.