I've been watching this fund for over a year, and have been in it since last September. I got in on the tail end of a bull run, I know, bad timing. The China market probably was overpriced back in November, but as markets often do they tend to over correct.

If the DOW has rough days ahead I believe most other markets around the world will echo the trouble. But when the DOW shows new signs of strength the China market is set to soar again. The only question is WHEN? Todays Chinese market reminds me of the USA in the early 80's when we had double digit inflation, and the record shows a strong bull market followed that era.

Personally I'm prepared to hang on to my losses another year if I have to, and doubling my 401k contributions to load up on as many shares as I can get while the price is under $20 a share. Because when things turn around this fund will rise to new heights in a relatively short period time.

I expect 2008 will be a down year for AACFX, I'm looking to 2009 now. Good thing I've got a few more years before retirement.