
TSE:ZCH
This summary was created by AI, based on 2 opinions in the last 12 months.
The BMO China Equity Index ETF (ZCH-T) has received favorable reviews from experts, highlighting its robust performance since hitting a low in April. The ETF has been trading within a range of $20 to $24 recently, indicating a period of stabilization despite market fluctuations. Specifically, one expert noted a 12% increase while another reported a notable 22% gain, emphasizing a strong recovery following a worldwide market selloff in March. The general sentiment remains optimistic regarding the ETF's trajectory, particularly due to China's ongoing positive performance in the global economy. Overall, there is a sense of confidence among experts that this ETF could continue its upward trend in the coming months.
Modi is now allowing Apple to do business there. India's had problems with bureaucracy, and if he makes it easier for foreign companies to come in and raise capital, it could be great. It depends on how the trade talks will go in terms of China. China has many geopolitical issues.
He has been underweight on China for the last year or so. It has underperformed dramatically over the last 6 months. It is starting to get more interesting to him now. He gets it through a US EFF. China is going to have a challenge holding a 7% growth rate. It should slow to 4-5% over the next couple of years. He thinks ZCH-T will fall another 10%.
This ETF will hold nothing but ADRs. The accounting standards on ADRs fit international standards, so you are not going to get zinged by some obscure Chinese accounting methodology on some company. Chart shows it had formed a base in 2012-2013 and broke out upwards and then based again and is now starting to break out. Has a decent pattern. Overall, this looks okay.
If you look at it, it is interesting because it is composed of ADRs from the US. Nothing is purchased in China. ADRs are subject to international accounting standards. Some big Chinese companies are in there. There is a lot to be said for this one. He previously recommended the Chinese consumer ETF and it has done well.