This week’s top-performing ETFs include five China-focused strategies, much to the dismay of panic that China will be uninvestable after the collapse of the Chinese Communist Party Congress. Led by the top ETFs based on one-week returns, Global X MSCI China Real Estate ETF (CHIR) At 18.66%, China-centric strategies expressed concern not only about geopolitics but also about the gradual loosening of the country’s “zero-covid” rules and the spread of the virus there.
| anchor | name | 1 week return |
| ,chir) | Global X MSCI China Real Estate ETF | 18.66% |
| ,WGMI, | Valkyrie Bitcoin Miners ETF | 16.55% |
| ,kweb, | CraneShares CSI China Internet ETF | 14.47% |
| ,PGJ, | Invesco Golden Dragon China ETF | 13.79% |
| ,sgdj, | SPOT Junior Gold Miners ETF | 13.43% |
| ,ch n a, | Loncar China Biopharma ETF | 12.84% |
| ,chic, | Global X MSCI China Communication Services ETF | 12.48% |
ETFs can benefit from a few distinct trends affecting China right now; The aforementioned reopening could likely boost Chinese consumer spending amid a more widespread reigniting of public life. At the same time, the government in China has been proactive in trying to meet its growth targets after a disappointing 2022. starting an incentive plan And Supporting the related real estate sector,
CHIR certainly focuses on real estate, charging 66 basis points from MSCI to track its index and delivering a mighty 21% return in three months. But real estate isn’t the only sector helping this week’s top-performing ETF — the perennial China ETF challenger CraneShares CSI China Internet ETF (KWEB) returned 14.5% last week, speaking from a consumer spending angle, while its fellow indexed strategy Invesco Golden Dragon China ETF (PGJ) Returned 13.8% from its broader China economy outlook.
Global X closes the list with both Global X MSCI China Communications Services ETF (CHIC) 12.5% for the week as well Global X Emerging Markets Internet & E-Commerce ETF (EWEB) at 11.5%. Standing slightly apart among the likes of Invesco, KraneShares, and Global X are passively-managed Loncar China Biopharma ETF (CHNA) With a return of 12.8%, despite its relatively smaller AUM as compared to the above China Strats.
Whether China-focused strategies can maintain their momentum remains to be seen, but with the domestic US market facing a slowdown as well as lingering inflation risks, sector-based China ETFs are attractive to some investors. May prove if they believe the nation can fulfill the prospect of a 2023 bounce back.
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