The theme of strong EM performance continues. China is a huge part of EM, and tech is a huge part of the entire EM/China space. We are seeing both EEM and FXI surge, taking out big levels in today's' session.
Below is just a slight reminder of what GS wrote about China investing;
" The economic resiliency and respectable equity market returns amid the Covid-19 disruptions and continued external pressures reinforce what we view as an underappreciated investment case for A shares as one of the largest, most liquid, growthy, dynamic, underowned, and strategically important asset classes in a diversified global portfolio, in addition to the index inclusion and financial market reform tailwinds that should drive allocation and portfolio flows over time."
We could not agree more on the above. Both charts showing the break out of these two ETFs.