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Tired of trying to manage your U.S. tech allocation amid a higher for longer rate regime? It may be time to take profits out of U.S. tech and move into a China tech ETF.
In an effort to foster more confidence in the economy, China is stepping up to support its technology sector.
On the global artificial intelligence (AI) stage, China and the U.S. are viewed as the clear front-runners. By some estimates, China is leading.
Increased growth prospects for China's economy courtesy of the International Monetary Fund should set the stage for more investor interest in ETFs focusing on the country. China's growth has been stunted by ongoing real estate development issues.
The Chinese government's stimulus measures appear to be having a tangible effect on stabilizing the country's economy. But for future growth, investors may want to align their exposure with a tech focus.
China continues to strive towards self-reliance, and its premier reaffirmed that notion recently. This should give bullish tones for a pair of KraneShares exchange traded funds (ETFs).
China's real estate trends indicate that, despite strong PMI, there's a substantial affordability crisis among its masses. Rising joblessness among the youth in now-quashed government data indicates a burgeoning "lost generation" is in the making.
The automation and artificial intelligence movement is taking center stage for investors this year, and not surprisingly, there are significant implications for China and its financial markets. However, stock picking to that effect is difficult, underscoring the utility of exchange traded funds such as the KraneShares Hang Seng Tech Index ETF (KTEC).
Chinese stock market has gained momentum lately on the economic reopening and PBOC's monetary policy easing. Citigroup considers China a safe haven amid banking crisis in the United States and Europe, as quoted on CNBC.
While recent top 10 performing ETFs of the past few weeks have been dominated by strategies in crypto or tied specifically to volatility, this week, it's China's turn.