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Larry Berman CFA, CMT, CTA iShares China Index ETF XCH-T COMMENT Aug 09, 2021

ZCH is more focused on the tech names with BABA counting for 22% of the holdings. There is virtually no financials. XCH has about 20% banks. Must understand what you own. Internet names have been pounded recently. KWEB could be a good way to play it.

Larry Berman CFA, CMT, CTA

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BUY

China, Good for Asian exposure.

COMMENT

China double bull ETF? China Index ETF is the only thing he has. Sector and Country plays are a little more expensive so it costs about 85 basis points, which is more than he likes to pay for an ETF. To get a double bull, he suspects he would have to go through the US.

WAIT

Doesn’t think 2014 is going to be China’s year. Maybe 2015 will be the year. There’s certainly some recovery in emerging markets banks.

TOP PICK

It covers the 50 largest Chinese stocks. We are coming back to test. Really good risk/reward.

PAST TOP PICK

(A Top Pick Aug 12/19, Up 13%) China lowered their tariff on US goods. We have a trend here but will have resistance in the high $20s. If we get through that then away we go. He would add to this name. It would, however, come off with any correction in the next couple of weeks.

COMMENT

China will be the biggest economy in the world one day. You do want exposure to this big market. Weakness is an opportunity to add to this.

DON'T BUY

Outlook on China Yes, China is reopening, but China is a strategic threat to North America and there's no transparency in their companies. China has the law of rules, not the law of rule (corruption). He owns nothing in China.

TOP PICK

Chinese stocks have sucked for 3-4 years due to political interference from Beijing. But XCH bottomed a month ago and is rebounding. If this breaks below $13.74, then that means there are more problems in China. Start with a small position. If this continues to rise, he will add to his holding, currently 3% of his portfolio. Risk-reward is really good.

BUY

Holds large and mid-cap Chinese companies with broad exposure.

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Larry Berman CFA, CMT, CTA iShares China Index ETF XCH-T COMMENT Aug 09, 2021

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