28.71 -0.02 (-0.07%)
After hours: 7:52PM EST
|Bid||28.71 x 21500|
|Ask||28.76 x 4000|
|Day's Range||28.68 - 29.22|
|52 Week Range||25.46 - 30.90|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-0.30%|
|Beta (5Y Monthly)||1.34|
|Expense Ratio (net)||0.65%|
China country-specific ETFs made a strong rebound Tuesday after the People's Bank of China injected billions of dollars into the financial system in an attempt to offset the potential slowdown in light of a spreading coronavirus outbreak. Among the best performing non-leveraged ETFs of Tuesday, the VanEck Vectors ChinaAMC CSI 300 ETF (CNXT) surged 7.9%, KraneShares Bosera MSCI China A ETF (KBA) jumped 6.1% and the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) increased 5.8%. As the death toll from the virus outbreak rose over 420 and the spreading contagion risks affecting the economy, China's central bank has pumped 1.7 trillion yuan, or $242.74 billion, into its financial system through open market operations and could be contemplating lowering its key lending rate and its reserve requirement ratios in a bid to restore investment confidence, Reuters reports.
While value bargain hunters may look to the pullback in China as a buying opportunity, ETF investors should reconsider the urge. “For a long time I thought the market sentiment was so strong that we could overcome a mounting list of economic uncertainty,” Economist Mohamed El-Erian told CNBC. It’s going to paralyze China.
Some past performances of Wall Street show that the yearly equity return behaves in the same manner as that of January. Is it time to pick quality stocks and ETFs?
Index-based ETFs mirror the moves of their underlying holdings. Consequently, if China’s government extends the hiatus on its financial markets, investors using ETFs to access this emerging market will ...
China's market and country-related ETFs were among the hardest hit on Tuesday after a new coronavirus, or the "Wuhan pneumonia", killed six and fueled fears of a larger outbreak that could disrupt the economy. On Tuesday, the iShares MSCI China ETF (MCHI) fell 3.5%, SPDR S&P China ETF (GXC) declined 3.5% and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) decreased 3.1%. A similar coronavirus outbreak of severe acute respiratory syndrome, or SARS, also upended Asian markets and economies in late 2002 after it killed 774 people.
The International Monetary Fund (IMF) isn't making any friends around the world after it cut growth forecasts for major economies like the U.S. It should put certain ETFs on the watch list if investors are looking to get international exposure via funds that focus on the world's economic powerhouses like the U.S., China, Europe and India. While higher, this number represents a downgrade from the 3.4% growth expected during last October's 2019 World Economic Outlook. The lower forecast came after the IMF projected less growth for India this year.
“While businesses and investors can afford to breath a sign of relief, after a difficult 2019, we still see risks to the China outlook as mainly weighted to the downside, given the fragile nature of the trade truce and the risks that still stalk China’s financial markets,” Rafferty added. Xtrackers CSI 300 China A-Shares ETF (ASHR) : seeks investment results that correspond generally to the performance, before fees and expenses, of the CSI 300 Index. The underlying index is designed to reflect the price fluctuation and performance of the China A-Share market and is composed of the 300 largest and most liquid stocks in the China A-Share market.
As the formalization of the Sino-US trade deal nears, China's recently-released export data for December looks encouraging. In such a scenario, we highlight some ETFs that can gain.
While the Chinese industrial sector saw profits rise at their fastest pace in eight months over November, China country-specific ETFs are still susceptible to weakness in domestic demand that could weigh ...
China had a goal of doubling its GDP as well as its income in a 10-year period, and not only is it on path to meet that, the world's second largest economy is looking to overtake the U.S. for the top spot. China's GDP currently stands at $13.1 trillion and forecasters expect that to increase by another 6% in 2020. “Going forward, China is going to continue to be very competitive,” said Michael Yoshikami, founder of Destination Wealth Management.
Through exchange traded funds, investors are now able to diversify into China, the world's second-biggest economy and quickly growing emerging country, but there are a number of different ways to access this emerging Asian market. “Mainland China A-shares have been robust verses Hong Kong H-shares showing significant outperformance," Luke Oliver, DWS Managing Director, Head of Index Investing, Americas, told ETF Trends. Specifically, Oliver highlighted the outperformance of the Xtrackers Harvest CSI 300 China A ETF (ASHR), which advanced 26.8% year-to-date, compared to the iShares China Large-Cap ETF (FXI) , the biggest China-specific ETF by assets under management, which increased 6.6% this year, and the S&P 500 Index, which gained 21.9% so far this year.