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home / news releases / PDD - The OGIG Internet Giants ETF: Blunted By The China Tech Crackdown

PDD - The OGIG Internet Giants ETF: Blunted By The China Tech Crackdown

Pinduoduo Inc.
  • Despite excellent performance by its US holdings, the OGIG ETF is up less than 5% this year.
  • OGIG's returns have been blunted by a crackdown on Tech stocks by the Chinese government, which have hit several of its top-10 holdings.
  • Yet the ETF's management team has not responded aggressively to stop the pain.
  • As a result, I am changing my rating on OGIG from BUY to SELL.

For further details see:

The OGIG Internet Giants ETF: Blunted By The China Tech Crackdown
Stock Information
Company Name: Pinduoduo Inc.
Stock Symbol: PDD
Market: NASDAQ
Website: pinduoduo.com
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