|Bid||0.00 x 1100|
|Ask||0.00 x 900|
|Day's Range||22.75 - 23.02|
|52 Week Range||22.00 - 34.89|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.43|
|Expense Ratio (net)||0.66%|
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.
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.