US Climate Envoy John Kerry Says Climate Cooperation Could Redefine US-China Ties And Lead The Way In Tackling Global Warming
Portfolio Pulse from Benzinga Newsdesk
US Climate Envoy John Kerry has stated that climate cooperation could redefine US-China relations and lead the way in tackling global warming. This could potentially impact the performance of ETFs like FXI and SPY.
July 18, 2023 | 5:58 am
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NEUTRAL IMPACT
The iShares China Large-Cap ETF (FXI) could be impacted by the potential redefinition of US-China relations through climate cooperation.
As the ETF FXI tracks large-cap Chinese companies, any significant changes in US-China relations could potentially affect the performance of these companies and, consequently, the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could also be influenced by the potential redefinition of US-China relations through climate cooperation.
As the ETF SPY tracks the S&P 500, which includes companies with significant exposure to China, any major changes in US-China relations could potentially affect the performance of these companies and, consequently, the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70