China Accounts For 'Nearly Half Of Asia-Pacific GDP' While India Is A 'Bright Spot,' Economist Says: Key ETFs To Watch
Portfolio Pulse from Surbhi Jain
The Asian Development Bank's optimistic outlook highlights China's continued dominance in the Asia-Pacific GDP, despite a slight slowdown, and India's significant growth potential. Key ETFs to watch include KraneShares CSI China Internet ETF (KWEB), iShares MSCI China ETF (MCHI), iShares China Large-Cap ETF (FXI) for China, and iShares MSCI India ETF (INDA), WisdomTree India Earnings Fund (EPI) for India. These ETFs offer investors exposure to the growth potential in these regions.
April 11, 2024 | 3:22 pm
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POSITIVE IMPACT
EPI provides access to India's corporate earnings growth, with over $2.96 billion AUM, offering exposure to sectors driving the country's economic resurgence.
EPI's focus on India's earnings growth across various sectors aligns with the country's economic momentum, making it an attractive option for investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
FXI focuses on China's largest companies, with $4.5 billion AUM, offering stability and growth potential in China's dynamic market.
As China remains a dominant force in the Asia-Pacific, FXI's investment in large, influential companies positions it to capitalize on China's economic activities.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
INDA, with over $9.5 billion AUM, seeks to harness India's market potential, highlighted by strong economic fundamentals and a burgeoning tech sector.
India's growing importance in the region, coupled with robust economic expansion forecasts, makes INDA a prime candidate for investors looking to benefit from India's growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
KWEB aims to capitalize on China's booming internet sector, with an AUM of $5.5 billion, indicating strong investor interest and potential for growth amidst China's economic resilience.
Given China's significant role in the Asia-Pacific GDP and the focus on its internet sector, KWEB is well-positioned to benefit from these trends.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
MCHI offers diversified exposure to Chinese companies, with over $4.8 billion AUM. Its performance metrics, including a negative YTD return, reflect the challenges and opportunities in China's market.
MCHI's broad exposure to Chinese companies means it's impacted by both the economic slowdown and the potential for recovery, making its short-term outlook mixed.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80