Stock price when the opinion was issued
Industry sectors in emerging markets are expensive, like the 0.7% MER on CQQQ. China is a big part of the EM index, and technology is a biggest part of that em index. So, here you're getting Alibab and Baidu for a fraction of the price. You're paying at least a half-point on the MER. He likes this space, but you can play Chinese tech stocks cheaper on the broader market.
One of his big themes has been China. The conception is that the market opportunity is pretty big. As a piece of a portfolio, he sees no reason why you can’t have a piece of this.