Some ETFs that track a broad basket of Chinese stocks match up well with economic data, according to Citi.
China may finally be poised for an economic rebound, and several ETFs give U.S. investors a way to play it, according to Citigroup. The Chinese economy has had several false starts since the government began easing Covid restrictions, but strategist Scott Chronert said in a note to clients on Monday that Citi sees the world's second-largest economy nearing a turning point.
mountain Chinese ETFs like the ASHR have struggled in 2023 For investors who want a little more risk and potential upside in China, tech-focused ETFs could be a smarter play. The funds in Citi's analysis that were most sensitive to economic changes — in other words, the ones more likely to see a big swing when the economy rebounds — were the KraneShares CSI China Internet ETF and Invesco China Technology ETF . Those funds are down about 8% and 13%, respectively, in 2023.
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