For buyers searching for momentum, Invesco China Know-how ETF CQQQ might be an appropriate decide.
For buyers searching for momentum, Invesco China Know-how ETF CQQQ might be an appropriate decide. The fund simply hit a 52-week excessive, up roughly 39.7% from its 52-week low of $37.80/share.
However does it have extra good points in retailer? Let’s check out the fund and its near-term outlook to realize an perception into the place it could be headed:
CQQQ in Focus
The fund is predicated on the FTSE China Incl A 25% Know-how Capped Index. The index consists of constituents of the FTSE China Index and FTSE China A Inventory Join Index which can be categorized as data expertise securities, together with China A-shares and China B-shares. CQQQ is charging 70 bps in charges. The fund has amassed $550.2 million in AUM.
Why the Transfer?
The world’s two largest economies, United States and China, just lately introduced agreeing on a phase-one commerce deal. Inside the commerce pact, the US has agreed to decrease its 15% tariff to 7.5% on about $120 billion worth of Chinese goods. The nation has additionally indefinitely suspended tariffs on…