This Asian ETF’s top five holdings include: Qihoo 360 Technology Co. Ltd. A (QIHU, 9.82% of assets); TENCENT HOLDINGS LTD (TCTZF, 8.50%); NetEase, Inc. (NTES, 7.49%); Baidu, Inc. (BIDU, 7.38%); and LENOVO GROUP LTD ORD (LNVGF, 7.32/5). The ETF currently pays a small dividend yield of 0.73%.
Global X Nasdaq China Technology ETF (QQQC)
From Capitalist Times
The MSCI Asia ex Japan Index has rallied significantly since its most recent low on Jan. 21, 2016. Assuming that the global economy doesn’t slip into recession this year, the index could have another 10 percent of upside left in the tank. Meanwhile, the MSCI China Index has exhibited similar strength and has advanced over the past month.
Investors looking to position for a recovery in Asia should focus on favorably priced stocks with high-quality earnings and solid long-term growth prospects. From a valuation standpoint, China, South Korea, Hong Kong, Singapore and Taiwan’s equity markets look inexpensive. However, Hong Kong and Singapore lack the growth characteristics we prize.
Investors should focus on the financial (property, insurance and banks) and information technology (hardware, Internet and e-commerce) sectors.
You can get one-stop exposure to these themes through the exchange-traded fund: Global X Nasdaq China Technology ETF (QQQC), which rates a buy up to $25 per share.
Yiannis G. Mostrous, Capitalist Times, www.capitalisttimes.com, 888-960- 2759, March 17, 2016