|Bid||0.00 x 1100|
|Ask||93.96 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||9.24%|
|Beta (3Y Monthly)||1.41|
|Expense Ratio (net)||0.59%|
Exchange-traded funds that track Chinese stocks erased gains to turn sharply lower Friday after Bloomberg reported that Trump administration officials are discussing ways to limit U.S. portfolio inflows into the country. The iShares MSCI China ETF was down 1.2%, while the KraneShares CSI China Internet ETF was down more than 2%. The SPDR S&P China ETF was down 1.8%. Meanwhile, American depository receipts for Alibaba Group Holding Ltd. dropped 3.7%.
The U.S. Dollar Index hit a two-year high in early September as global growth continued to slow. The latest disruption to Saudi Arabia's oil production as a result of drone attacks is expected to cause a possible oil price shock.If this happens, the U.S. dollar could be the big winner making U.S. stocks even more expensive and Asian markets more attractive."Asian equities and Asian bonds look very attractive. That's one of the key reasons why we are overweight Asian equities. Valuations are so low trading at a price-to-book that's about half the U.S.," stated Eastspring Investments Asian equity portfolio specialist Ken Wong recently. "While you look at overall earnings growth, it's fairly solid for 2020 in Asia, while expectations are fairly low." InvestorPlace - Stock Market News, Stock Advice & Trading TipsEastspring, which manages $216 billion in assets, has an on-the-ground presence in 11 Asian markets. * 7 High-Yield Dividend Stocks Set for Growth For those of you that want to gain a little exposure to some of these markets might consider these 10 country ETFs. China: SPDR S&P China ETF (GXC)Source: Shutterstock The SPDR S&P China ETF (NYSEARCA:GXC) tracks the performance of the S&P China BMI Index, a group of companies based in China that are publicly traded and available to foreign investors. GXC currently has 382 holdings, about 56% of the holdings in the index, whose weighted average market cap is $146.4 billion, making it very much a large-cap ETF. If you like a little income with your capital appreciation, GXC has a 12-month dividend yield of 2.08%. Its top 10 holdings account for 47% of the fund's $1.2 billion in assets with Tencent Holdings (OTCMKTS:TCEHY) and Alibaba (NYSE:BABA) the two top holdings at 13.5% and 13.1% respectively. The biggest downside of GXC is that two stocks account for more than a quarter of the ETF's weighting leaving tiny slivers for the remaining 380 stocks. If you don't believe in Alibaba and Tencent, you probably don't want to own it. The ETF charges a reasonable 0.59% management expense ratio. China/India: First Trust Chindia ETF (FNI)Source: Shutterstock The First Trust Chindia ETF (NYSEARCA:FNI) tracks the performance of the ISE Chindia Index, a group of companies that are either based in China or India and whose ADRs trade on a U.S. securities exchange. FNI currently has 50 holdings, the same amount as the index, with 25 stocks from each country. The median market cap is $9.3 billion, the largest market cap is $455.7 billion, and the smallest is $166.0 million, making it very much an all-cap ETF. If you like a little income with your capital appreciation, FNI won't do the trick. It has a 12-month dividend yield of just 0.67%. Its top 10 holdings account for 60% of the fund's $96.7 million in assets with Alibaba, the top holding, at 8.0%.With just 25 stocks from both China and India, the individual weighting of each stock is much more balanced despite the fact the 40 remaining stocks account for 40% of the portfolio. * 7 Stocks to Buy Under $10 The ETF charges a reasonable 0.59% management expense ratio. India: Franklin FTSE India ETF (FUN)Source: Shutterstock The Franklin FTSE India ETF (NYSEARCA:FUN) tracks the performance of the FTSE India Capped Index , a group of large- and mid-cap companies in India. FUN currently has 150 holdings with a weighted average market cap of $35.9 billion and a 12-month trailing P/E ratio of 19.5. FUN has a 12-month dividend yield of just 1.47%, which is decent, if not spectacular. Its top 10 holdings account for 48% of the fund's $14.7 million in assets with Reliance Industries, the top holding at 10.5%.In terms of sector representation, the top three are financial services, technology, and energy, at 23.3%, 18.3%, and 14.4%, respectively. The best part about FUN? It charges a very reasonable 0.19% management expense ratio. Indonesia: VanEck Vectors Indonesia Index ETF (IDX)Source: Studio Incendo via Flickr (Modified)The VanEck Vectors Indonesia Index ETF (NYSEARCA:IDX) tracks the performance of the MVIS Indonesia Index, a group of companies that generate at least 50% of their revenues in Indonesia. The country has the largest economy in Southeast Asia with over 40% of the population under the age of 25. IDX currently has 44 holdings with a weighted average market cap of $16.6 billion and a 12-month trailing P/E ratio of 15.6. FUN has a 12-month dividend yield of 2.12%, which is quite healthy. Its top 10 holdings account for 55% of the fund's $40.9 million in assets with PT Bank Central Asia (OTCMKTS:PBCRF), the top holding at 8.3%.In terms of sector representation, the top three are financial services, basic materials, and consumer defensive, at 29.8%, 17.6%, and 16.4%, respectively. * 5 Red Hot Housing Stocks Sprinting to Decade Highs As for fees, it charges a reasonable 0.57% management expense ratio. Japan" WisdomTree Japan Hedged Equity Fund (DXJ)Source: Shutterstock The WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) tracks the performance of the WisdomTree Japan Hedged Equity Index, a group of dividend-paying companies that trade on the Tokyo Stock Exchange and derive less than 80% of their revenue from Japan. By providing a hedged ETF, WisdomTree is protecting investors against fluctuations in the Japanese Yen against the U.S. Dollar. As for why it screens out companies with more than 80% of its revenue derived from Japan, it does so to ensure the selected constituents are more global in nature.DXJ currently has 470 holdings with an average market cap of $16.8 billion, almost five billion more than the category average. Except for a 16.0% mid-cap weighting, all of the ETF's holdings are large-cap Japanese stocks. DXJ has a 12-month dividend yield of 1.84%, which is decent, if not spectacular. Its top 10 holdings account for just 29% of the fund's $2.6 billion in assets with Toyota (NYSE:TM) its largest holding with a weighting of 5.3%. In terms of sector representation, the top three are consumer cyclical, industrials, and technology, at 22.8%, 21.70%, and 14.0%, respectively. As for fees, when you consider it's one of the most popular international ETFs listed in the U.S., its 0.48% management expense ratio is quite reasonable. Malaysia: iShares MSCI Malaysia ETF (EWM)Source: Shutterstock The iShares MSCI Malaysia ETF (NYSEARCA:EWM) tracks the performance of the MSCI Malaysia Index, a group of large- and mid-cap stocks trading on the Kuala Lumpur Stock Exchange. A significant portion of the stocks held are financial services companies. EWM currently has 44 holdings with an average market cap of $8.5 billion, less than one-third the category average. Mid-cap stocks account for almost 12% of the portfolio with large caps accounting for the rest. EWM has a 12-month dividend yield of 3.66%, which is excellent. Its top 10 holdings account for just 53% of the fund's $404.4 million in assets with Public Bank Bhd its largest holding with a weighting of 13.4%. In terms of sector representation, the top three are financial services, consumer defensive, and utilities at 33.3%, 13.9%, and 11.9%, respectively. * 7 Worst Stocks in the S&P 500 in 2019 As for fees, it has a very reasonable management expense ratio of 0.48%. Singapore: iShares Singapore (EWS)Source: WikipediaThe iShares MSCI Sinapore ETF (NYSEARCA:EWS) tracks the performance of the MSCI Singapore 25/50 Index, a group of large- and mid-cap stocks trading on the Singapore market. The index caps the maximum weight a single stock may have at 25%. Further, all stocks with a weighting of 5% or more, on a combined basis cannot exceed 50% of the portfolio, which means if there are 11 stocks with a weighting of 5% or more, they're capped at 5%. EWS currently has 25 holdings with an average market cap of $14.8 billion, about half the category average. Mid-cap stocks account for slightly more than 8% of the portfolio with large caps accounting for the rest. EWS has a 12-month dividend yield of 3.92%, which is excellent. Its top 10 holdings account for just 71% of the fund's $522.4 million in assets with DBS Group Holdings (OTCMKTS:DBSDY) its largest holding with a weighting of 17.9%. In terms of sector representation, the top three are financial services, industrials, and real estate at 48.9%, 17.6%, and 15.4%, respectively. As for fees, it has a very reasonable management expense ratio of 0.47%. South Korea: iShares MSCI South Korea ETF (EWY)Source: Shutterstock The iShares MSCI South Korea ETF (NYSEARCA:EWY) tracks the performance of the MSCI South Korea 25/50 Index, a group of large- and mid-cap stocks trading on the Stock Market division of the Korea Exchange. The index caps its holdings in identical fashion to the MSCI Singapore 25/50 Index.EWY currently has 113 holdings with an average market cap of $18.4 billion, less than the category average of $26.5 billion. Mid-cap stocks account for slightly more than 16% of the portfolio with large caps accounting for the rest. EWY has a 12-month dividend yield of 1.48%, which is about average. Its top 10 holdings account for just 48% of the fund's $4.1 billion in assets with Samsung Electronics (OTCMKTS:SSNLF) its largest holding and a whopping 22.8% weighting. In terms of sector representation, the top three are technology, financial services, and consumer services at 42.3%, 13.2%, and 11.8%, respectively. * 7 Stocks to Buy Under $10 As for fees, it has a reasonable management expense ratio of 0.59%. Taiwan: Franklin (FLTW)Source: Shutterstock The Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) tracks the performance of the FTSE Taiwan Capped Index, a group of large- and mid-cap Taiwanese stocks, capped in a similar fashion to iShares' EWS and EWY. FLTW currently has 91 holdings with an average market cap of $18.0 billion, about 37% as large as the category average of $49.0 billion. Mid-cap stocks account for 9% of the portfolio with large caps accounting for the rest. FLTW has a 12-month dividend yield of 1.01%, which is lower than average. Its top 10 holdings account for just 48% of the fund's $15.6 million in assets with Taiwan Semiconductor (NYSE:TSM) its largest holding at a weighting of 21.7%. In terms of sector representation, the top three are technology, financial services, and basic materials at 50.1%, 21.6%, and 11.6%, respectively. As for fees, it has a very reasonable management expense ratio of 0.19%. Broad Market Asia: Global X FTSE Southeast Asia ETF (ASEA)Source: Shutterstock The Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) tracks the performance of the FTSE/ASEAN 40 Index, 40 of the largest and most liquid companies in Singapore, Malaysia, Indonesia, Thailand, and the Philippines. To be eligible for the index, it must belong to the FTSE All-World Country Index for these five countries.ASEA has 41 holdings with an average market cap of $24.9 billion, about 80% as large as the category average of $31.0 billion. As far as I know, it holds no mid-cap stocks. ASEA has a 12-month dividend yield of 4.7%, which is excellent.Its top 10 holdings account for just 52% of the fund's $23.7 million in assets with DBS Group Holdings its largest holding at a weighting of 8.3%. In terms of sector representation, the top three are financial services, communication services and consumer defensive at 49.2%, 12.3%, and 7.9%, respectively. * 7 High-Yield Dividend Stocks Set for Growth As for fees, it's relatively expensive at 0.65%. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.The post 10 Country ETFs to Play Asian Markets appeared first on InvestorPlace.
China country-specific ETFs could be among the most at risk if crude oil disruptions and high energy prices become the norm. On Monday, the SPDR S&P China ETF (GXC) fell 1.2%, iShares China Large-Cap ETF (FXI) dropped 1.2% and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) decreased 1.5%. China is the largest importer of oil and is expected to struggle as it tries to find an alternative source in the short-term if Saudi Arabia fails to quickly recover from the weekend attacks that wiped out half of the Kingdom's production capacity, CNN reports.
Discussing a "value-creation opportunity," Elliott speaks of AT&T -- which bought media major Time-Warner's assets for $85 billion in June 2018 ??? as being "deeply undervalued."
Trade tensions are high heading into 2019, and it's not looking like the U.S. or China are going to be making any resolutions this new year. Authorities in the two countries have enacted new tariffs on products that are commonly exchanged, including cars, smartphones, and soybeans.
Pre-market futures have buoyed into positive territory on news that Chinese officials say the ongoing trade war with the U.S. should be resolved at the negotiating table.
Stocks and ETFs Recover as Trump Eases Up on ChinaThe broader-market recoveryToday, the US stock market was on a path of recovery after starting the week on a bearish note yesterday. At 2:05 PM EDT, the S&P 500 Index, NASDAQ Composite Index,
Trump Proves He's a Man of His Words: Will China Retaliate?President Donald TrumpPresident Donald Trump kept his promise that he made earlier this week as he hiked tariff on $200 billion worth of Chinese imports into the US starting today. According
ETF investments provide advisors and investors with an idea of currently trending global investment themes popping up in a changing market environment. On the recent webcast, ETF Flash Flows: Where Are ...
Chinese markets and country-specific exchange traded funds are gathering momentum ahead of the Lunar New Year break festivities, but some investors remain cautious with lingering concerns after being burned from the recent pullback. Year-to-date, the SPDR S&P China ETF (GXC) gained 8.9%, the iShares China Large-Cap ETF (FXI) added 7.1% and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) rose 8.1%. In eight of the past 10 years, the benchmark Shanghai Composite Index strengthened in the two weeks before the weeklong "spring festival" holiday that marks the beginning of the New Lunar Year, the Wall Street Journal reports.
Asian markets were among the worst off in 2018 as trade tensions, U.S. interest rate hikes and China’s deleveraging policies sent investors running. However, now that the dust is settling, investors may ...
On Jan 4, People's Bank of China (PBOC), cut the reserve requirement ratio (RRR) by 100 bps or 1 percentage point to reignite growth in the world's second-largest economy.
Emerging markets stocks and exchange-traded funds (ETFs) struggled through a miserable 2018 as the MSCI Emerging Markets Index lost more than 15% on the year. Chinese ETFs were among the most egregious offenders. Last year, the iShares China Large Cap ETF (NYSEARCA:FXI) and the iShares MSCI China ETF (NASDAQ:MCHI), two of the largest Chinese ETFs trading in the U.S., lost 13.3% and 19.8%, respectively. Still, there are hopes that moves by the Chinese central bank coupled with the potential for headway on the U.S.-China trade spat could spur Chinese ETFs over the near-term. "From a stock market perspective, with a lot of negative news already priced in, we could realistically hope that the absence of further negatives may at least lead to some stabilisation in equity prices," Colin Morton, a portfolio manager at Franklin Templeton Investments, told the Financial Times. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Currently, trade teams from the U.S. and China are meeting in Beijing and there is optimism those talks could result in a credible trade truce, which could spark a rally in Chinese ETFs. "A potential deal would likely involve a sharp increase in Chinese purchases of American soybeans and liquefied natural gas," reports the Washington Post. * 10 Oversold Stocks Due for a Bounce However, if trade talks falter, the following Chinese ETFs merit caution over the near-term. ### Invesco China Technology ETF (CQQQ) Expense Ratio: 0.70% per year, or $70 annually per $10,000 invested Funds focusing on China's fast-growing internet and technology sectors overshot the 2018 losses of traditional Chinese ETFs significantly. Just look at the Invesco China Technology ETF (NYSEARCA:CQQQ), which tumbled more than 35% last year. CQQQ, which tracks the AlphaShares China Technology Index, is indeed a tempting bet for investors looking to buy the dip in Chinese ETFs. Prior instances of Chinese internet stocks outperforming their U.S. counterparts only add to the allure of CQQQ and rival Chinese internet funds. Home to 74 stocks, CQQQ features exposure to just three sectors: communication services, consumer discretionary and technology. In other words, this Chinese ETF is a growth fund and investors need to renew their enthusiasm for growth fare, U.S. and Chinese stocks alike, before CQQQ can rebound from its 2018 doldrums. ### Invesco China Small Cap ETF (HAO) Expense Ratio: 0.75% In the U.S., small-cap stocks were stars through the first three quarters of 2018, but ex-U.S. small caps scuffled for most of the year. Later in the year, domestic small caps faltered before large-cap fare, pressuring international rivals along the way. Over the past 90 days, the Invesco China Small Cap ETF (NYSEARCA:HAO) has performed less poorly than the U.S.-focused Russell 2000 Index. However, investors should not be deceived by that point, Over the past year, HAO is lower by 26.4% while the Russell 2000 is lower by less than 10%. * 7 Small-Cap Stocks With Big Growth Potential In 2019 While China is far from entering a recession, economic growth there is slowing a bit and that scenario is likely to strain smaller stocks more than large-cap names. That could make betting on HAO and other small-cap Chinese ETFs difficult given the elevated volatility that comes with international small caps. Over the past three years, HAO's annualized volatility is about 400 basis points higher than the Russell 2000's. ### Global X MSCI China Consumer Discretionary ETF (CHIQ) Expense Ratio: 0.65% There is undoubtedly a compelling long-term case for tapping the Chinese consumer, a theme that's accessible via Chinese ETFs such as the Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ). As is the case in the U.S., consumer discretionary stocks are cyclical in China and likely to overshoot broader market losses when stocks decline. That was the case for CHIQ in 2018 as this Chinese ETF tumbled 28.7%. This Chinese ETF is heavily dependent on internet stocks, a corner of the Chinese equity market that was savagely repudiated last year. For example, Alibaba (NYSE:BABA) and JD.com Inc. (NASDAQ:JD) combine for about 15.8% of CHIQ's weight. Some recent data points outline the near-term risks associated with consumer-oriented Chinese ETFs. "A decrease in Chinese car sales is one key data point that has been misconstrued, China experts say," reports NBC News. "Automotive consulting firm ZoZoGo found that car sales in China reversed course last year and fell by 3 percent after roughly two decades of growth, and the country's largest automotive trade group also has reported sinking sales figures in recent months." ### Reality Shares Nasdaq NexGen Economy China ETF (BCNA) Expense Ratio: 0.78% The Reality Shares Nasdaq NexGen Economy China ETF (NASDAQ:BCNA) is one of the newer members of the Chinese ETFs fray, having debuted in June 2018. BCNA targets the Reality Shares Nasdaq Blockchain China Index, which is "designed to measure the returns of companies in China that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their use or for use by others," according to Reality Shares. While blockchain has myriad applications throughout the technology universe and other industries, investors still often associate blockchain as being intimately linked to the crypto currency space. That is a plus for Chinese ETF like BCNA when cryptocurrencies are rallying, but the opposite was true last year when bitcoin lost 80% of its value. * The 7 Best Stocks in the Entrepreneur Index As a result of weakness in the cryptocurrency market, BCNA is off to an inauspicious start, having shed more than 13% since inception. ### Franklin FTSE China ETF (FLCH) Expense Ratio: 0.19% With its annual fee of just 0.19%, the Franklin FTSE China ETF (NYSEARCA:FLCH) is one of the cheapest Chinese ETFs on the market. While investors love a good deal on ETF fees, cheap ETFs rise and fall, just like their high-fee counterparts. FLCH proves as much. Low fee or not, this Chinese ETF is down more than 22% over the past year. This fund is a broad market play on China that holds 274 stocks with a weighted average market capitalization of $157.8 billion. FLCH allocates about 52% of its combined weight to communication services and financial services stocks, while the consumer discretionary and industrial sectors combine for almost 26% of the fund's weight. Reflecting the state of affairs with Chinese stocks, FLCH has a low price-to-earnings ratio of just 10.86, but neither that trait nor its low fee insulate this fund from further declines in Chinese stocks. ### Invesco Golden Dragon China ETF (PGJ) Expense Ratio: 0.70% The Invesco Golden Dragon China ETF (NASDAQ:PGJ) is one of the oldest Chinese ETFs in the U.S., having recently celebrated its 15th birthday. Relative to other broad market Chinese ETFs, PGJ has a small lineup of just 64 stocks. A small number of stocks in an ETF can expose investors to concentration risk at the sector and individual holdings levels. That is a consideration with this Chinese ETF as just two sectors -- communication services and consumer discretionary -- combine for over 83% of PGJ's weight. Plus, the fund's top three holdings combine for over a quarter of its weight. * 10 Stocks to Pull From the Bear Market Bargain Bin PGJ needs those sectors to rebound because when those groups falter, this Chinese ETF suffers as highlighted by a 2018 decline of 29.5%. ### SPDR S&P China ETF (GXC) Expense Ratio: 0.59% The SPDR S&P China ETF (NYSEARCA:GXC) is a basic broad market Chinese ETF that has one of the largest rosters -- nearly 360 stocks -- among the Chinese ETFs highlighted here. GXC components are "publicly listed companies with a float-adjusted market cap of $100M and at least $50M in annual trading volume are included in the Index," according to State Street. As is the case with the aforementioned PGJ, there are elements of concentration risk with GXC. The ETF's top two holdings -- Tencent Holdings Ltd. (OTCMKTS:TCEHY) and Alibaba -- combine for over a quarter of the fund's weight. Three sectors -- communication services, financial services and consumer cyclicals -- combine for two-thirds of GXC's roster, indicating a lot needs to go right for this Chinese ETF to rebound from its 2018 loss of 19.4%. As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Down 20% in December * 5 Chinese Stocks to Avoid Now (But Buy Later) * 3 Big Gainers That Easily Could Be the Best Stocks to Buy Compare Brokers The post 7 High-Risk Chinese ETFs to Avoid … For Now appeared first on InvestorPlace.
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.
As investors look for opportunities after the pullback, with some turning the emerging market countries like China, some may consider Chinese financial companies and related country-specific exchange traded funds for a more stable approach to the developing economy. According to State Street Global Advisors, cheap valuations and a government that can easily bail out pockets of China’s financial sector from instability makes the country’s bank stocks a buy, Bloomberg reports. Olivia Engel, chief investment officer of active quantitative equity at State Street Global Advisors, argued that Chinese banks provide return-on-equity levels as high as any other segment in the emerging markets.