42.81 0.00 (0.00%)
After hours: 5:16PM EDT
|Bid||40.10 x 3100|
|Ask||42.98 x 3000|
|Day's Range||42.66 - 43.09|
|52 Week Range||36.03 - 49.69|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||13.64%|
|Beta (3Y Monthly)||1.80|
|Expense Ratio (net)||0.76%|
With a U.S.-China trade war still weighing in the balance for the capital markets, investors can forge on irrespective of trade negotiation results with China technology-focused exchange-traded funds (ETFs). Created in 2009 by the Shenzhen Stock Exchange, the ChiNext Board has been referred to as “China’s Nasdaq” for the innovative and growth-oriented Chinese firms it has attracted over the last decade. FTSE Russell compared performance for this Index, which was launched in 2017 as a way for global investors to track the performance of fast-growing ChiNext stocks listed on the Shenzhen Stock Exchange, relative to the FTSE China A Index and the FTSE China Index.
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%.
NEW YORK, Aug. 22, 2019 /PRNewswire/ -- Krane Funds Advisors, LLC, ("KraneShares"), a global asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, announced the launch of the Krane Platform, a central hub for Krane's growing service offering. Daily posts cover top news and events that moved China's capital markets the night before. This daily recap provides color on China's equity, fixed income, and currency markets performance.
China country-specific ETFs strengthened Monday as Beijing revealed measures to bolster its economy and after President Donald Trump said the two countries were talking again. China tech-heavy ETFs were ...
The ongoing trade war saga between the U.S. and China will resume in Washington on September after both sides entered into recent discussions. Investors who want to get in on the action with Chinese equities ...
We take a look at some Chinese ETFs in the wake of increasing number of U.S. manufacturers relocating their production units to other Southeast Asian countries.
In two weeks, China will debut its Nasdaq-inspired board for technology companies developed domestically, which could put Chinese technology exchange-traded funds (ETFs) in play. U.S.-China trade negotiations may appear to be at a standstill, but that doesn't mean investors should sour their taste for Chinese equities, according to Lewis Kaufman, a portfolio manager at Artisan Partners. U.S. President Donald Trump and Chinese President Xi Jinping recently met at the G-20 summit in Japan, agreeing to hold back on further tariffs until the two largest economies can iron out a trade deal.
U.S.-China trade negotiations may appear to be at a standstill, but that doesn't mean investors should sour their taste for Chinese equities, according to Lewis Kaufman, a portfolio manager at Artisan Partners. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging markets,” said Kaufman. It’s very difficult to access domestic demand through the vehicles we would wish to use in so many emerging-market countries,” Kaufman added.
The topic of technology has been a point of contention as the U.S.-China trade war rages on, but the world's second largest economy isn't content with just sitting on its laurels while the tariff battle plays out. In fact, global management consultancy Bain & Company says China is making "tremendous" progress with respect to its technology sector. Over the weekend at the G-20 summit in Japan, U.S. President Donald Trump said he could reverse restrictions that prevent American companies from selling their products to Chinese technology giant Huawei as part of a trade agreement.
Today, the South China Morning Post reported that the US and China have agreed to a tentative truce to the trade war and are working on statements in this regard. The truce would delay tariffs on an additional $300 billion worth of Chinese goods entering the US.
Although the S&P 500 and other American indexes fell sizably yesterday on Powell’s less-dovish tone, China’s key indexes remained sideways today after opening lower and gaining in early trade. The Shanghai Composite Index dropped 0.2%, while the Shenzhen Component ended flat. The CSI300 Index lost 0.18%.
The six-day winning streak of the benchmark Shanghai Composite Index was broken today as the index fell 0.87% to close at 2,982.07. This was the longest winning streak in over a year for the index, which has gained 19.6% so far in 2019.
While Asian markets were mixed, China’s Shanghai Composite Index gained 0.21% to end on a positive note for five days in a row. However, the tech-heavy Shenzhen Component ended in the red today.
China’s benchmark Shanghai Composite Index is having a good week. The index rose 2.4% on June 20 to an eight-week high. The index rose in the first half of the day and reached the day’s high.
Zacks Market Edge Highlights: Pfizer, Vanguard S&P 500 ETF, Global X Social Media ETF, Kraneshares China Internet ETF and Microsoft