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EXCLUSIVE: 'China's Stock Market Has Bottomed, Indicating A Potentially Rare Opportunity,' Says Investment Strategist

Published 04/04/2024, 18:20
Updated 04/04/2024, 19:41
© Reuters.  EXCLUSIVE: 'China's Stock Market Has Bottomed, Indicating A Potentially Rare Opportunity,' Says Investment Strategist

Benzinga - by Surbhi Jain, .

In an exclusive interview with Benzinga, Henry Greene, Investment Strategist at KraneShares, shared insights into the investment approach and opportunities in China’s dynamic market.

KraneShares, with its focus on capturing the essence of the “New China” economy, emphasizes industries positioned for long-term growth. Greene noted that KraneShares is uniquely focused on the future growth of China, “as opposed to the industries that have driven the ‘Old China’ economy, such as manufacturing, real estate, and financials.”

China’s Internet Penetration Rate Presents An Opportunity

Optimism Amid Challenges: KraneShares CSI China Internet ETF (NYSE:KWEB)

The KWEB ETFs’ top holdings include: Tencent Holdings Ltd (OTCPK:TCEHY) (OTCPK:TCTZF) (9.76%), Alibaba Group Holding Ltd Ordinary Shares (NYSE:BABA) (NYSE:BABAF) (9%), Meituan Class B (OTCPK:MPNGF) (OTCPK:MPNGY) (7.97%), PDD Holdings Inc ADR (NASDAQ:PDD) (6.56%) and NetEase Inc Ordinary Shares (NASDAQ:NTES) (5.99%).

To address investor concerns about volatility, KraneShares has launched two ETFs providing downside protection on KWEB:

  • KraneShares 100% KWEB Defined Outcome January 2026 ETF (NYSE:KPRO)
  • KraneShares 90% KWEB Defined Outcome January 2026 ETF (NYSE:KBUF)

China’s Emergence As World’s Largest Vehicle Exporter

Related: China’s EV Wars Heat Up: Chery Launches New Brand To Battle Tesla And Huawei

China’s Stock Market Has Bottomed – Capture The Opportunity

On the topic of artificial intelligence (AI), Greene highlighted opportunities beyond hardware companies like Nvidia. “We see more opportunity in the companies that are developing applications of large language models (LLMs),” he said.

KraneShares’ Greene provided valuable insights into the evolving landscape of China’s markets and the investment opportunities they present. With a focus on innovation and growth, KraneShares continues to navigate the dynamic Chinese economy for investors seeking exposure to its burgeoning sectors.

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Read Next: Billionaire Investor Ray Dalio Remains Bullish On China Despite A Looming ‘100-Year Storm’: ‘The Time To Buy Is When Everyone Hates The Market’

Image generated using artificial intelligence with Midjourney.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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