Xtrackers Harvest CSI 500 CHN A SmCp ETF (ASHS)
ASHS Price and Sentiment
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China's property sector is not a growth driver of the Chinese economy, but a growth passenger. China's fiscal system also created incentives for local governments to favor housing market development.
China has not solved the unravelling crisis in its development/construction sector. The nation has moved through all the ‘natural' stages an economy goes through when implementing the free market capitalism model.
The Chinese markets have had a really tough time lately due to regulatory scrutiny on various sectors. After massive selloff, Chinese stocks appear to offer value.
Chinese government has generally had some idea of how much risk Evergrande and other highly leveraged real estate companies pose since last year. Equity holders will most likely be wiped out, with holders of bond and wealth management products taking significant haircuts.
The impact of the policy remedy to China's property market excesses is spreading across global markets. But they would bounce hard on any evidence of a mitigation plan from Beijing.
Shares in China continue to post sharp year-to-date losses vs. an otherwise upside bias for global stocks, based on a set of exchange-traded funds tracking the world's major equity regions through yesterday's close (Aug. 25). Some investors see opportunity in beaten-down shares, but there's still a wide-ranging debate as the market prices in higher uncertainty driven by the vagaries of Beijing's evolving policy agenda.
Flows into China-focused ETFs are surging as investors position for China's growing economic and financial strength. Non-Chinese investors are generally overlooking China's growing influence on the global economy and in capital markets.
The MSCI China Index, which represents a number of the country's equities, is up over 20% thus far this year, putting four Xtrackers China funds from ETF issuer DWS in the spotlight. Per MSCI, the “MSCI China Index captures large and mid cap representation across China A shares, H shares, B shares, Red chips, P [.
Small-cap equities often take the brunt of the ebbs and flows of the market. For the ETF investor with the cast iron stomach, one play worth considering is the Xtrackers Harvest CSI 500 China-A Shares Small Cap ETF (ASHS).