|Bid||28.41 x 1000|
|Ask||30.02 x 900|
|Day's Range||29.23 - 29.36|
|52 Week Range||22.31 - 31.45|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.07|
|Expense Ratio (net)||0.65%|
With the books closing on the first quarter of 2019, it’s been a strong start for U.S. equities–the Dow Jones Industrial is up 12.56 percent through Monday’s close, the S&P 500 is up 14.37 percent and ...
MSCI move that it will quadruple the weighting of Chinese mainland shares (A-shares) for a number of its indexes in three phases has led to rally in China A-Shares ETFs.
Chinese markets and country-specific ETFs surged Monday after President Donald Trump pushed off the tariff deadline, pointing to progress in the trade talks with China and announcing a "signing summit" with Chinese President Xi Jinping. On Monday, among the best performing non-leveraged ETFs, the VanEck Vectors ChinaAMC CSI 300 ETF (PEK) gained 6.3%, iShares MSCI China A ETF (CNYA) advanced 7.3%, Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) jumped 6.4% and KraneShares Bosera MSCI China A ETF (KBA) rose 6.1%. Further fueling optimism over a conclusion to the extended trade tiff between the U.S. and China, Trump announced a "signing summit" with Chinese leader Xi, CNN reports.
China country-specific ETFs rallied Tuesday after Chinese stocks experienced one of their best days since early November as hopeful traders bet on a resolution to the prolonged trade dispute between China and the U.S. On Tuesday, the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) gained 2.9%, KraneShares Bosera MSCI China A ETF (KBA) advanced 2.4% and iShares MSCI China A ETF (CNYA) rose 2.4%. Chinese mainland stocks jumped more than 3% ahead of the new round of talks between the United States and China to resolve a trade war as the two side sides meet in Washington D.C. on Tuesday, with follow-up sessions at a higher level later in the week.
China country-specific exchange traded funds maintained their momentum as a deal between the U.S. draws nearer with the world's two largest economies ironing out the details on an agreement to resolve an extended trade dispute that disrupted global markets. On Wednesday, the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) gained 1.9%, KraneShares Bosera MSCI China A ETF (KBA) advanced 1.7% and iShares MSCI China A ETF (CNYA) rose 1.6%. The three China A-shares country-specific ETFs were also trading back above their long-term, 200-day simple moving average.
As the Chinese New Year is ushered in, investors may also want to take a second look at China's markets and country-specific ETFs to capture a potential rebound in this emerging economy. "To be sure, there are many reasons to be cautious with respect to China. It is easy to imagine trade tensions reigniting or the economic data disappointing.
Exchange-traded funds are generally touted as tax-efficient fund structures. Most fund families have at least one mutual fund that's expected to stick fundholders with capital gains distributions of more than 10% of the fund's net asset value. Compared with actively managed mutual funds, ETFs are set to disburse fewer meaningful capital gains this year.
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.
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.