IRBO's Low P/E Comes From China, Telecom And Old-Guard IT Industry

Summary

  • IRBO has a very vague mandate, and the companies within are from disparate industries, sharing only vaguely this connection of using AI.
  • Basically, companies that use statistics on their data. It's not saying much.
  • Moreover, the PE is quite low despite the heavy IT exposure, which is due to quite a bit of Chinese exposures but also telecoms.
  • Nothing wrong with telecoms, but stay aware of Chinese exposures. The delisting issue seems to be moving in a constructive direction, but much work needs to be done.
  • Looking for a helping hand in the market? Members of The Value Lab get exclusive ideas and guidance to navigate any climate. Learn More »

Global connection

piranka

In general, when you hear anyone touting AI in their business, you should be skeptical. Obviously there are plenty of businesses that use algorithms and statistics, which is all machine learning really is, AI is often a major reach. With so many companies attaching themselves

holdings irbo

Holdings (iShares.com)

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