Shenzhen connect and its impact on china etfs msci nordic index

Shenzhen connect and its impact on china etfs msci nordic index • Turkish Blend: Turkey ETF Gets Some Support As Fitch Doesn’t Downgrade • Beholden To The Bondholder: How Bonds Affect The Housing Market “Why Is Shenzhen Connect important in one word? MSCI,” said KraneShares Chief Investment Officer Brendan Ahern in a note out Tuesday. Related Link: China’s Quantum Leap Toward Unhackable Communications New York-based KranseShares sponsors the KraneShares Bosera MSCI China A ETF ( KraneShares Trust (NYSE: KBA)), the only U.S.-listed A-shares ETF tracking an MSCI Index. Msci eafe index ticker In June MSCI opted against the stocks trading on mainland China to widely followed indices such as the MSCI Emerging Markets Index. One of the reasons MSCI gave for continued

exclusion of A-shares from its international indexes is an issue schemes such as the Hong Kong-Shenzhen connect are aimed at improving: market accessibility.

“But the $3.2 trillion Shenzhen market, already the world’s seventh largest, could prove attractive to foreign investors because it is where fast-growing Chinese companies that operate in sectors such as technology, pharmaceuticals and clean energy often list,” according to the Wall Street Journal. In other words, the comparisons many make to the Shenzhen and the Nasdaq are accurate, meaning increased access to Shenzhen-listed names for foreign investors could benefit tech-laden ETFs such as the KraneShares China Internet ETF ( KraneShares Trust (NASDAQ: KWEB)).

“Everyone will talk about exposure to Shenzhen’s private companies versus Shanghai’s SOEs which is true. Msci abbreviation Approximately 75 percent of Shenzhen companies are private/non-gov’t affiliated versus just 40 percent on the Shanghai.

Msci world ucits etf P/Es on these companies are HIGH. Msci emerging markets index chart One reason I like KWEB is because it provides growth exposure but at much more reasonable valuations versus Shenzhen,” added Ahern. It is not clear exactly when the Hong Kong-Shenzhen connect will be operational, but it could happen in November, which marks the two-year anniversary of the Hong Kong-Shanghai connect. Foreign investors will be able to access nearly 900 stocks on the Shenzhen exchange with a combined market value of over $1 trillion, according to the Journal.

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