CHIQ - CHIQ: Could Be A Big Winner For China Investors
2024-07-15 05:44:05 ET
Summary
- Bullish on China's markets due to potential momentum even if the economy doesn't reaccelerate.
- MSCI China Consumer Discretionary ETF offers exposure to growing middle-class spending on various goods.
- The fund tracks MSCI China Consumer Discretionary 10/50 Index, providing targeted exposure to the consumer discretionary sector in China.
China. It’s been a terrible stock market. A terrible economy. And yet, at some point, all bad news is priced in. I’m increasingly bullish on China’s markets, and think that even if the economy doesn’t reaccelerate but has at least bottomed, there’s a lot of room for momentum. If I’m right, a good way to play the country’s equity market is through their consumer discretionary sector. The country’s burgeoning middle class is increasingly spending on travel, leisure, apparel, cars and a wide array of discretionary goods. And the MSCI China Consumer Discretionary ETF ( CHIQ ) is a good way to play it....
CHIQ: Could Be A Big Winner For China Investors