Key characteristics of the ETF
The Global X China Consumer ETF (NYSEARCA:CHIQ) is an investment vehicle that facilitates focused access towards the consumer discretionary (CD) sector in China. Notable segments within the CD space include
Global X China Consumer ETF - Macros, Regulation, And Price Action
Summary
- The long-term and short-term consumer-themed fundamentals across China remain solid.
- The specter of regulatory risk is making it challenging for some of CHIQ's top holdings to flourish, although, it could also be argued if the recent selloff has been overdone.
- The price action on the charts suggests that the bears still hold the edge and hence I wouldn’t yet recommend CHIQ for conservative investors.
- Aggressive investors can consider building positions as valuations are more appealing and CHIQ has completed 50% of its retracement.
Investment research, primarily oriented towards uncelebrated/under-covered stocks and ETFs, across North America, Europe and Asia. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition.
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