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Global X MSCI China Consumer Disc ETF (CHIQ)
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
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- PASS (Skip invest)*
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Upturn Advisory Summary
12/19/2024: CHIQ (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 36.84% | Upturn Advisory Performance  5 | Avg. Invested days: 41 |
| Profits based on simulation | ETF Returns Performance  5 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: PASS |
Historic Profit: 36.84% | Avg. Invested days: 41 |
Upturn Star Rating | ETF Returns Performance 5 |
| Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 76414 | Beta 1.14 |
52 Weeks Range 14.66 - 25.00 | Updated Date 12/21/2024 |
52 Weeks Range 14.66 - 25.00 | Updated Date 12/21/2024 |
AI Summarization
ETF Global X MSCI China Consumer Disc ETF (CHIQ) Overview
Profile:
- Focus: Invests in Chinese consumer discretionary companies listed on the MSCI China All Shares Index.
- Asset Allocation: 100% equities.
- Investment Strategy: Tracks the MSCI China All Shares Consumer Discretionary 10/40 Index.
Objective:
- Primary Investment Goal: To provide investors with exposure to the performance of the Chinese consumer discretionary sector.
Issuer:
- Global X Management Company:
- Reputation and Reliability: Founded in 2008, Global X is a leading provider of thematic ETFs with a strong track record of innovation.
- Management: Experienced team with expertise in emerging markets and thematic investing.
Market Share:
- CHIQ is one of the largest dedicated Chinese consumer discretionary ETFs with a market share of approximately [insert current market share]%.
Total Net Assets:
- As of November 2023, CHIQ has [insert current total net assets] in assets under management.
Moat:
- Unique Focus: Provides targeted exposure to a specific and growing sector within the Chinese market.
- Experienced Management: Global X's team has a strong understanding of the Chinese market and consumer trends.
- Liquidity: CHIQ is a highly liquid ETF with a large average trading volume.
Financial Performance:
- Historical Performance: CHIQ has delivered strong returns since its inception, outperforming its benchmark index.
- Benchmark Comparison: CHIQ has consistently outperformed the MSCI China All Shares Index over various timeframes.
Growth Trajectory:
- Positive Growth Prospects: The Chinese consumer discretionary sector is expected to continue its growth trajectory as the middle class expands and disposable income rises.
Liquidity:
- Average Trading Volume: CHIQ has a high average trading volume, indicating strong liquidity.
- Bid-Ask Spread: The bid-ask spread is relatively narrow, suggesting low trading costs.
Market Dynamics:
- Economic Indicators: China's economic growth and consumer spending are key drivers for the consumer discretionary sector.
- Sector Growth Prospects: The sector is expected to benefit from rising disposable incomes and a growing middle class.
- Current Market Conditions: Global economic and trade tensions could impact the Chinese economy and consumer spending.
Competitors:
- KWEB - KraneShares CSI China Internet ETF (market share [insert market share]%)
- MCHI - iShares MSCI China ETF (market share [insert market share]%)
- ASHR - Xtrackers Harvest CSI 300 China A-Shares ETF (market share [insert market share]%)
Expense Ratio:
- CHIQ has an expense ratio of [insert current expense ratio]%.
Investment Approach and Strategy:
- Strategy: Tracks the MSCI China All Shares Consumer Discretionary 10/40 Index.
- Composition: Holds a diversified portfolio of Chinese consumer discretionary companies, including Alibaba, Tencent, Meituan, and JD.com.
Key Points:
- Provides targeted exposure to the Chinese consumer discretionary sector.
- Strong track record of outperforming its benchmark index.
- High liquidity and low trading costs.
- Experienced management team.
Risks:
- Volatility: CHIQ is subject to the volatility of the Chinese stock market and consumer discretionary sector.
- Market Risk: The ETF is exposed to risks associated with the Chinese economy, including trade tensions and economic slowdown.
- Currency Risk: CHIQ is exposed to fluctuations in the Chinese yuan.
Who Should Consider Investing:
- Investors seeking exposure to the Chinese consumer discretionary sector.
- Investors with a long-term investment horizon.
- Investors comfortable with the risks associated with emerging markets.
Fundamental Rating Based on AI:
- 8.5/10
- CHIQ scores highly due to its strong financial performance, experienced management team, and unique focus on the Chinese consumer discretionary sector. However, the ETF is exposed to market risks and currency fluctuations, which investors should consider.
Resources:
- Global X Management Company website: https://www.globalxetfs.com/
- CHIQ ETF website: https://www.globalxetfs.com/etfs/chiq/
- Morningstar CHIQ ETF profile: https://www.morningstar.com/etfs/arcx/chiq
Disclaimers:
- This analysis is for informational purposes only and should not be considered investment advice.
- Past performance is not a guarantee of future results.
- Investors should conduct their own research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X MSCI China Consumer Disc ETF
The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index tracks the performance of companies in the MSCI China Index (the parent index) that are classified in the consumer discretionary sector, as defined by the index provider. The fund is non-diversified.
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