EFA - CHIQ: Chinese Consumer ETF Is A Contrarian's Delight

2024-02-16 09:40:48 ET

Summary

• The Global X MSCI China Consumer Discretionary ETF (CHIQ) is an undiscovered ETF with $230 million AUM.
• Despite concerns about the Chinese consumer, CHIQ offers an opportunity to invest in the uptrend of discretionary spending.
• CHIQ's portfolio aligns well with areas of consumer spending growth, and it offers a dividend and attractive long-term entry point.

The Global X MSCI China Consumer Discretionary ETF ( CHIQ ) currently has an AUM of $230 million, so it is a relatively undiscovered ETF to invest in mid to large cap consumer discretionary stocks that comprise the MSCI China Index. As such, CHIQ is clearly in the “eye of the storm” when it comes to the global equity market. China has experienced a less-than-stellar economic rebound post Covid-19, and consumer spending seems to be an anomaly amidst the slow recovery....

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