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One interesting ETF is XSOE Wisdom tree "ex-state owned industries" that focuses on companies not contaminated by state control, figuring they will preform better.
sma3 said:@dafor Quartz looks interesting. What do you think of it? Cost?It costs me $50 per year (~$1/wk.) As I recall the current headline rate is $100 but they have frequent discount offers. Signing up for the Daily Read ( at qz.com ) provides a sense for what they offer. I typically read one or two articles per day and sometimes follow their deep dives into particular topics.....cost seems fair to me.
@dafor Quartz looks interesting. What do you think of it? Cost?It costs me $50 per year (~$1/wk.) As I recall the current headline rate is $100 but they have frequent discount offers. Signing up for the Daily Read ( at qz.com ) provides a sense for what they offer. I typically read one or two articles per day and sometimes follow their deep dives into particular topics.....cost seems fair to me.
hank said:Cathie Wood is fleeing. It it’s too hot for her I wouldn’t touch it.
Cathie Wood is fleeing. It it’s too hot for her I wouldn’t touch it.
BlackRock Inc. and UBS Group AG have turned positive on China’s beaten-down equities, citing investors’ growing comfort with Beijing’s crackdown and an improving earnings outlook.
China’s economic growth has been gradually slowing. Here’s a five-year moving average of the country’s growth rate:
Basically, China has masked underlying imbalances by creating an immense housing bubble. And it’s hard to see how this ends well.
Rogoff and Yang also show both that housing prices in China are extremely high relative to incomes and that the real estate sector has become an incredibly large share of China’s economy.None of this looks sustainable, which is why many observers worry that the debt problems of the giant property developer Evergrande are just the leading edge of a broader economic crisis.China, which maintains controls on the flow of capital into and out of the country, isn’t deeply integrated with world financial markets. So the fall of Evergrande isn’t likely to provoke a global financial crisis in the same way that the fall of Lehman Brothers did in 2008. A Chinese slowdown would have some economic spillover via reduced Chinese demand, especially for raw materials. But in purely economic terms, the global economic risks from China’s problems don’t look all that large.
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No. Have not added FSEAX since August. Will add if things get bad. Am still up on this fund. Hard to believe, really. Fido said they think '22 they might loosen interest rates, which would help. Just watching now...
Hank, love your post. Glad I don't have to write in that language....lol!
Alibaba expands cloud business
Xi Jinping’s vision for China
I tip toed into MCSMX Mathews small companies China fund, figuring it was a safer way to get Chinese exposure than the large caps ( BABA etc) that are getting all of the pressure.
So far it is down 2%
One interesting ETF is XSOE Wisdom tree "ex-state owned industries" that focuses on companies not contaminated by state control, figuring they will preform better. While it has a fair amount of the Chinese targets ( 30%) most positions are in Taiwan, India Russia etc.
5% each BABA and Tencent
The Morningstar article, unfortunately like almost everything else they publish now, is so generic to be worthless. Listing almost 50 "small cap funds" is not research, it is advertisement. I am surprised there are investment professionals are willing to put their names on this junk.
It is hard to believe they can sink any lower and provide any less useful information for individual investors, especially after their "quantitative take " on Fund Analysis, but I guess you should never underestimate low
Not quite yet. All these years and I'm still a fan of the House of Matthews. I've owned MPACX and MATFX and MCHFX for quite a while but scaled back when things got weird under Trump. Still don't know WTF they are up to but trust Matthews. Of the three, I prefer MATFX.
and so it goes,
and yeppers, keep wearing the damn mask,
The following portfolio managers left the firm last year:
Tiffany Hsiao, YuanYuan Ji, Beini Zhou, and Lydia So.
Yu-Ming Wang, president and global CIO, resigned from Matthews Asia on 09/30/2020.
Mr. Wang joined the firm only seven months earlier.
FWIW: TCELX gained 59.0% in 2020.
@Observant1 Not really. I've been investing with Matthews for almost 25 years. Managers come and go. feh.
(That link will only work for NYT subscribers.)
Now that’s a housing bubble. Kenneth Rogoff and Yuanchen Yang
China Seeks to Allay Growth Slowdown Fears in Xinhua Report