Nasdaq ETFs
Peek Under The Hood: NOBL Has 14% Upside
Sum Up The Pieces: SDVY Could Be Worth $34
Tom Lydon Talks Fed Action, Inflation & Rising Rates
Chevron’s Carbon Partnership Highlights Changing Industry
Grab a Piece of QQQ While It’s Trading at a Discount
Investing in Greener Transportation with CLNR as Oil Shock Continues
Solving the Inflation & Income Challenge for Investors
When Capital Appreciation and Income Matter, Turn to ADIV and DIVS
How the U.S. Economy is Sheltered From Global Risks
Stock ETFs Could Get a Boost From Institutional Investors’ Rebalancing
China ETFs Can’t Catch a Break
USHY Crowded With Sellers
Vanguard Short-Term Bond Getting Very Oversold
BLV Crosses Critical Technical Indicator
SHY Crowded With Sellers
Shares of UITB Now Oversold
PFFD Crowded With Sellers
Gold Starts the Week Down, but Bulls Have Momentum
Hang Seng Index drops to 6-year low
The Hang Seng Index sank 5% on Monday, March 14th to reach its lowest level since 2016. Hong Kong's flagship index was mainly dragged down by Chinese listed stocks, amid worries over China-Russia relations, fears of a further regulatory crackdown, and the resurgence of the coronavirus in some Chinese provinces. Among notable sliders of the index were Meituan (-16.84%), JD.com (-14.77%), Alibaba (-10.9%), Tencent Holdings (-9.79%), Xiaomi (-8.64%), and NetEase (-8.14). The Hang Seng China Enterprises Index closed down 7.2%, the biggest drop since November 2008 and the Hang Sang Tech Index sank 11%, its worst decline on record.
American Investors: How to Invest in Hong Kong ETFs
American investors looking to buy the dip can explore iShares MSCI Hong Kong ETF (EWH), Franklin FTSE Hong Kong ETF (FLHK), and KraneShares Hang Seng TECH Index ETF (KTEC). EWH is the largest in size, with $811 million in assets under management. The fund seeks to track the MSCI Hong Kong 25/50 Index and invests in large and mid-sized companies in Hong Kong. As for the industry breakdown, insurance has the highest allocation (22%), followed by real estate (21.94%), capital goods (12.98%), diversified financials (12.3%), utilities (11.69%), and banks (6.35%). EWH has a total expense ratio of 0.50% and trades primarily on the NYSE Arca.
This year, EWH witnessed outflows of $66 million and its NAV per share dropped by 7%.