24.46 0.00 (0.00%)
Pre-Market: 5:22AM EDT
|Bid||0.00 x 2900|
|Ask||0.00 x 2900|
|Day's Range||23.80 - 24.47|
|52 Week Range||23.67 - 34.89|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.66%|
Mark Yusko, Morgan Creek Capital Management CEO and CIO, discusses why he recommends investors look at Chinese stock market even as trade tensions with China ramp up.
Recent events in Turkey have reminded investors of the contagion risk coming to the U.S. stock market from abroad. Please click here for the annotated chart of Xtrackers Harvest CSI 300 China A ETF (ASHR) That’s an exchange traded fund for mainland China. • Gross domestic product (GDP) of China is more than 14 times bigger than that of Turkey.
Chinese markets took a breather from the back-to-back selling that sent China country-specific ETFs to their lowest level in over a year. Ending a four day sell-off on Tuesday, the Xtrackers CSI 300 China A-Shares ETF (ASHR) increased 4.0%, CSOP FTSE China A50 ETF (NYSEArca: AFTY) advanced 3.7% and KraneShares Bosera MSCI China A ETF (KBA) rose 3.4%. Leading the rebound, Chinese infrastructure companies strengthened on expectations that these companies may benefit the most form an economic stimulus, which includes increased spending on public projects.
Ross, Navarro, Lighthizer, All Seem Sure About a Tariff Hike While the Fed has been busy keeping interest rates steady, Commerce Secretary Wilbur Ross, in charge of trade, Robert Lighthizer, U.S. Trade Representative, representing trade, and Peter Navarro, Director of trade, all seem to be on the same page on trade, specifically regarding raising tariff […] The post Market Morning: Futures Tank on Tariff Hike, Google Eyes Human-Rights-Free Search in China appeared first on Market Exclusive.
As investors look to overseas markets to diversify their investment portfolios, China continues to be underrepresented, but one may look to China A-shares exchange traded funds to gain exposure to mainland Chinese stocks. On the recent webcast (available On Demand for CE Credit), China: Your Top Questions Answered by Industry Experts, Robert Bush, Director and ETF Strategist at DWS revealed the results of a recent survey of investor portfolio construction habits specific to emerging markets and China, and he found that the majority of investors allocate 10% or less of their overall portfolio to the developing markets. To help investors gain a better perspective on the size of the Chinese markets, Bush pointed to the upcoming full inclusion of Chinese A-shares, or Chinese mainland stocks, to the benchmark MSCI Emerging Market Index.
Momo (NASDAQ:MOMO), like many Chinese internet stocks, was enjoying a stellar year. From the start of the year, Momo stock roared higher from $25 to as high as $55 in June. Since then, however, Momo has suffered a considerable setback.
China continues to be woefully underrepresented in most investors’ equity portfolios despite the quickly expanding global economy. On the upcoming webcast Thursday, July 26, China: Your Top Questions Answered ...
According to data from Markit Economics, the final China Markit Services PMI improved significantly in June. It was 53.9 in June compared to 52.9 in May. It beat the preliminary market estimate of 52.7 and was the highest improvement in the services sector in the past four months.
The China Manufacturing PMI for June showed an improvement in manufacturing activity. It was 51.5 in June compared to 51.9 in May. It didn’t meet the market expectation of 51.6.
Chinese markets and country-specific ETFs have plunged as a result of the escalating U.S. and China trade war conflict, but the selling may have been overdone. "The trade war is bad, but we think this may be overdone. How is China A-shares down so much?" Robert Bush, ETF Strategist for DWS, told ETF Trends in a call.
Bargain hunter investors who are interested in gaining exposure to Chinese markets should think about a few considerations before diving into a China ETF. "We've got the index inclusion, which has taken the headlines, but more importantly than that is the fundamental story behind China," Luke Oliver, Managing Director and Head of Capital Markets at DWS, said at the 2018 Morningstar Investment Conference. Many investors and financial advisors remain underallocated to China as a part of their diversified international investment portfolio.
With the stock market near record highs, it can be hard for investors to know where to turn. On the other hand, the big and popular tech stocks, such as the FAANG names, are already widely-known and highly-priced. Taking that into account, here are four potential multibagger stocks that are more off the beaten path.
Nike Inc (NYSE:NKE) stock just hit new all-time highs. Tennis legend Roger Federer’s Nike contract expired earlier this year. With NKE stock up sharply over the past year, should investors consider breaking up with Nike as well?
China ETFs were among the worst performers Monday, with Chinese equities off to their worst start to a second half of a year since 2015. The CSOP FTSE China A50 ETF (AFTY) was the worst performer Monday, plunging 5.0%. Meanwhile, the iShares China Large-Cap ETF (FXI) , the largest China-related ETF, declined 2.1% and the Xtrackers Harvest CSI 300 China A ETF (ASHR) , the largest China A-shares related ETF, decreased 4.1%.
The performance of the Vaneck Vectors Rare Earth Strategic Metals ETF (NYSEARCA:REMX) during 2018 is an incredible example of how the sentiment of the broader market can overwhelm the fundamentals of an individual stock or industry. Demand for rare earth metals continues to increase, which is a fundamental positive for most of the stocks held by REMX. Traders don’t feel like they can accurately forecast growth rates in this uncertain global economic environment, so many are simply taking profits off the table and reducing their exposure to the market.
According to data provided by Markit Economics, China’s final Markit services PMI (purchasing managers’ index) didn’t see any changes in May as compared to April. It stood at 52.9 in May, the same as in April. It didn’t beat the preliminary market estimate of 53.
As the global markets reeled in response to heightened trade tensions, Asian markets and Asia ETFs were among the worst off. Over three-fourths of the $2.1 trillion lost in stock values worldwide was associated ...
China’s Nuclear Option: Stop Buying US Treasuries Bloomberg is floating the idea this morning that all China must needs to win the burgeoning trade war with the US is stop loaning the US money. This is called the “nuclear option” apparently, though it literally requires no action at all. Bloomberg also has its eyes on […] The post Market Morning: Chinese US Investment Collapses, Canadian Cannabis, GE Gets DOWnsized appeared first on Market Exclusive.