|Bid||38.60 x 1000|
|Ask||44.41 x 1100|
|Day's Range||44.17 - 44.68|
|52 Week Range||32.56 - 45.94|
|PE Ratio (TTM)||9.47|
|YTD Daily Total Return||6.61%|
|Beta (5Y Monthly)||1.69|
|Expense Ratio (net)||0.70%|
As the formalization of the Sino-US trade deal nears, China's recently-released export data for December looks encouraging. In such a scenario, we highlight some ETFs that can gain.
Policy easing, subsiding trade tensions, technological disruption and solid household savings should boost these China ETFs in 2020, even after a solid 2019.
China's markets and country-specific ETFs led the charge on Thursday after Chinese officials announced monetary easing to start off the New Year. Among the best performing non-leveraged ETFs of Thursday, the KraneShares CSI China Internet Fund (KWEB) increased 6.0%, Invesco Golden Dragon China ETF (PGJ) jumped 5.6% and Invesco China Technology ETF (CQQQ) advanced 5.2%. Meanwhile, the iShares MSCI China ETF (MCHI) , the largest China-related ETF by assets, rose 3.1%.
As the U.S. and China move toward reconciliation, Chinese technology stocks and sector-related exchange traded funds could be among the top winners in in a phase one trade deal. Morgan Stanley has highlighted 29 Chinese stocks that are most likely to benefit from the completion of a phase one deal between the U.S. and China, and almost half of them include information technology names, which have been weighed down by increased trade barriers, followed by consumer sector, CNBC reports. “These two sectors saw the biggest scale of valuation re-rating based on their previous reaction to de-escalation events,” Morgan Stanley said in a note.
Chinese technology-related ETFs led the charge on Thursday after Internet giant Baidu (NasdaqGS: BIDU) revealed better-than-expected third quarter results and the U.S. and China were moving toward reconciliation. ...
The Chinese technology sector has fallen victim to the protracted U.S.-China trade war, but as progress is made, this downtrodden tech segment along with related exchange traded funds could be an opportunity for investors. Invesco’s chief global market strategist Kristina Hooper argued that now is the time to buy Chinese technology stocks, adding that China has the most to gain from trade negotiations and may even emerge from the war as a winner, CNBC reports. “This could be a scenario where China is actually able to stimulate its economy enough to ride out this war,” Hooper told CNBC.
China's economic data disappoints again. The industrial output growth has slumped to the lowest level in 17.5 years along with weak retail sales. We highlight the impact on some ETFs.