|Bid||0.00 x 4000|
|Ask||0.00 x 900|
|Day's Range||23.13 - 23.30|
|52 Week Range||22.00 - 34.89|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.35|
|Expense Ratio (net)||0.66%|
On Thursday, among the worst performing areas of the market, the SPDR S&P China ETF (GXC) fell 2.3%, the iShares China Large-Cap ETF (FXI) dropped 1.8% and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) declined 1.8%, with each of the China-related ETFs testing their short-term support at the 50-day simple moving average. The tentative truce between the U.S. and China trade war was being tested Thursday after the U.S. arrested Meng Wanzhou, Huawei’s chief financial officer and the daughter of the founder of the telecommunications giant, who was arrested changing planes in Vancouver on Saturday, the Washington Post reports. Meng was arrested on U.S. extradition warrant as Huawei is suspected of trying to evade American sanctions on Iran.
China country-specific exchange traded funds were among the best performers Monday after President Donald Trump and Chinese President Xi Jinping agreed to a cease-fire in the trade war that gripped global ...
Chinese markets and country-specific ETFs were among the few areas in the green on Monday after Beijing and regulators unveiled a number of measures to support the markets. The Xtrackers CSI 300 China A-Shares ETF (ASHR) rose 1.1% on Monday. The People's Bank of China removed its pledge to allow "market supply and demand to play a bigger role in deciding the exchange rate" from a section on future tasks in its third-quarter monetary report, taking steps to ensure the yuan currency is stable at reasonable and balanced levels, Bloomberg reports.
China exchange traded funds have been attracting greater interest, with some value investors now looking at the growing emerging market as a cheaper play, especially after government officials assuaged ...
Chinese equities picked up where they left off on Friday, with country-related ETFs leading the charge on Monday, experiencing their best day in over two-and-a-half years. Among the best performing non-leveraged ...
China ETFs were among the top performers Friday after Chinese regulators made a surprise move to allay concerns amid the emerging market's worst pullback since 2015. Chinese markets have been dragged down by concerns over global growth and heightening geopolitical tensions, namely an escalating trade war with the U.S. The emerging Asian market also weakened earlier in Friday after Beijing revealed third-quarter GDP growth was 6.5% year-over-year, or slightly below analysts' expectations of 6.6%, the Financial Times reports.
Now that investors can sift through the market wreckage, some should take a second look at the emerging markets, especially the cheap valuations in China. Looking beyond this week's blood letting, Chinese markets has offered an attractive long-term entry point after this year's underperformance. “There’s another feature of this year’s price action [in China] that investors should note – valuations.
Stocks in the U.S. have tumbled as investors absorb the reality of a trade dispute with China. One way to respond: Go long overseas stocks.
Stocks Spooked, Yields Collapse On Market Selloff By now the stock market selloff is old news. The good news is that bond yields (NYSEARCA:TLT) had a reprieve overnight as panic out of equities climaxed. Starting at 1:45pm yesterday just under 3 hours before market close, Treasury yields began to fall, reaching lows of 3.142% as […] The post Market Morning: Fed “Crazy”, Stock Market Crash, FAANGS Flabbergasted, Inflation Stats Due appeared first on Market Exclusive.
China cuts reserve requirement ratio for the fourth time to boost infrastructure and combat trade war woes, putting related ETFs in focus.
Following on the heels of MSCI's decision to raise Chinese mainland stock exposure in its benchmark international indices, FTSE Russell also promoted China A-shares to emerging market status, fueling further demand for Chinese equity exposure and potentially enhancing country-related exchange traded funds. FTSE Russell promoted China A-Shares to Secondary Emerging market status following its September 2018 annual country classification review. "FTSE Russell is pleased to announce that the China A Shares market will be promoted to Emerging Markets status and included in FTSE’s global equity benchmarks from June 2019.
Index provider MSCI Inc. recently completed its initial inclusion of A-shares, the stocks trading on Mainland China, in the company's international indexes, including the MSCI Emerging Markets Index. The initial implementation was so successful that MSCI is now consulting with clients about the possibility of including more A-shares in its international benchmark, a move that could benefit exchange traded funds such as the Xtrackers CSI 300 China A-Shares ETF (ASHR) and the KraneShares Bosera MSCI China A ETF (KBA). "The 5% initial inclusion of China A shares was successfully implemented in May and August 2018 with overwhelming positive feedback from market participants," said MSCI.
Chinese equities and China A-shares ETFs could gain momentum as MSCI Inc. considers sharply raising the importance of mainland Chinese stocks in its benchmark global indices next year. MSCI has proposed plans to raise mainland-listed China company stock weights to 2.8% for the widely observed MSCI Emerging Index by August 2019 and 3.4% by May 2020, compared to 0.7% now, the Wall Street Journal reports.
More Tariffs Take Effect as US-China Trade War Enters New Round 25% tariffs on $16 billion worth of US and Chinese goods went into effect at midnight, signaling a new round in the trade war between the world’s two largest economies that refuses to let up. The two now have tariffs implemented on $100 billion […] The post Market Morning: Tariffs Come Into Force, More Bitcoin ETFs Bite Dust, ARAMCO IPO Dies appeared first on Market Exclusive.
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.