FLCH ETF: Surging Chinese Stocks Could Drive More Upside Ahead [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
We were positive on FLCH earlier this year and the ETF has performed well since then, but I continue to believe there is more upside ahead. I'm bullish on FLCH based on the newly unveiled stimulus for the Chinese market, the modest valuation of its holdings, its diversification, and its low fees. What is the FLCH's Strategy? According to Franklin Templeton, FLCH “provides access to the Chinese stock market, allowing investors to precisely gain exposure to China at a low cost.” FLCH is an index fund that invests in large-cap and mid-cap Chinese stocks. Why are Chinese Stocks Soaring? This week, China's central bank announced its largest economic stimulus since the COVID pandemic. Not only is China's central bank lowering its benchmark interest rate by 0.2%, it is also lowering the level of cash that Chinese banks are required to hold in reserve and giving cash to Chinese financial institutions so that they can ramp up their purchases of Chinese equities. While some observe
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- Alibaba's Savior Is Not Chinese Stimulus, But An Impending Global AI Partnership [Seeking Alpha]Seeking Alpha
- China-linked stocks climb on bevy of stimulus measures [Yahoo! Finance]Yahoo! Finance
- Alibaba, Tencent rally as Beijing stimulus plans push China's tech stocks to 13-month high [CNBC]CNBC
- China's Tech Stocks Surge: What Top Investors Know That You Don't [Yahoo! Finance]Yahoo! Finance
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BABA
Earnings
- 8/15/24 - Beat
BABA
Sec Filings
- 9/27/24 - Form 6-K
- 9/20/24 - Form 6-K
- 9/13/24 - Form 6-K
- BABA's page on the SEC website