GlobalX recently launched China sector funds for consumer and industrial and today Claymore launched a tech ETF with ticker CQQQ. It is heavy in the Chinese internet stocks we have all known for a long time like Baidu, Sina and Netease.
One of the things about China ETFs, sector or otherwise, is that I would rather seem them offer access to parts of the market that are not otherwise easily accessed. That does not make a fund necessarily better but it does offer an alternative to what is out there and CQQQ really does not.
You've probably heard of Huawei (pronounced wah-way) the Chinese networking company that is not publicly traded. While obviously no ETF would have this company there are other tech companies in China and seeing fund just of those stocks, that is not easily accessed in the US, would make for a more interesting fund.
Hat tip to IndexUniverse.
Just got an update on the electricity situation and it is not promising. So again, if there is not post it means the power is still out.
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1 comments:
Rw, I like your worldclock. Thanks.
RW, I have checked the 1907-1908 market action. This one resembles those times. From 1907 to 1910 there were 3 recessions. Maybe us too. If we are coming out of one, can we start another at the back of 2008-2009 recession.
Best,
Jeff from Milan, Italy
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