CHIQ - AI Analysis

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Global X MSCI China Consumer Discretionary ETF (CHIQ)

Rating:61Neutral

Price Target:

$24.50

The Global X MSCI China Consumer Discretionary ETF (CHIQ) has a balanced overall rating, reflecting a mix of strong and weaker holdings. Alibaba and PDD Holdings stand out as key contributors to the fund’s performance due to their robust financial results and strategic growth initiatives, although both face challenges such as cash flow pressures and competitive dynamics. On the other hand, NIO Inc. has a notably weaker score, weighed down by financial difficulties and negative profitability, which may have slightly impacted the ETF’s overall rating. A potential risk factor is the fund's concentration in the Chinese consumer discretionary sector, which could expose it to regional economic fluctuations and sector-specific challenges.

Positive Factors

Strong Top Holdings

Several key holdings, such as Alibaba and Pop Mart, have delivered strong year-to-date performance, supporting the ETF's overall returns.

Focused Sector Exposure

The ETF is heavily concentrated in consumer cyclical stocks, which can benefit from economic growth and rising consumer spending.

Healthy Year-to-Date Performance

The ETF has shown solid year-to-date gains, indicating resilience in its targeted market segment.

Negative Factors

High Geographic Concentration

The ETF is heavily exposed to Hong Kong, which increases vulnerability to regional economic or political risks.

Underperforming Holdings

Some top holdings, such as Meituan and JD.com, have lagged in performance, potentially dragging down overall returns.

Relatively High Expense Ratio

The ETF charges a higher expense ratio compared to many broad-market ETFs, which could reduce net returns over time.

CHIQ vs. SPDR S&P 500 ETF (SPY)

AUM238.97M

RegionAsia-Pacific

Expense Ratio0.65%

Beta0.71

IssuerGlobal X

Inception DateNov 30, 2009

Dividend Yield2.16%

Asset ClassEquity

Index TrackedMSCI China Consumer Discretionary 10/50 Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume30,552

30 Day Avg. Volume58,287

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

29.03

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering61

CHIQ Summary

The Global X MSCI China Consumer Discretionary ETF (CHIQ) is an investment fund that focuses on companies in China’s consumer discretionary sector, which includes industries like automobiles, apparel, and leisure products. It tracks the MSCI China Consumer Discretionary 10/50 Index, giving investors exposure to businesses benefiting from the growing spending power of China’s middle class. Some well-known companies in this ETF include Alibaba Group and PDD Holdings. This ETF might appeal to investors looking to tap into the growth potential of China’s economy and diversify their portfolio internationally. However, it’s important to note that the ETF’s performance is closely tied to the health of China’s economy, which can be affected by government policies and global market conditions.

How much will it cost me?The Global X MSCI China Consumer Discretionary ETF (CHIQ) has an expense ratio of 0.65%, meaning you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because the fund is focused on a specific sector and region, which requires more active management compared to broad, passively managed ETFs.

What would affect this ETF?CHIQ could benefit from China's growing middle class and increasing consumer spending, which drive demand for products and services offered by companies like Alibaba and BYD. However, risks include potential regulatory changes in China, economic slowdowns, or geopolitical tensions that could negatively impact consumer confidence and the performance of key holdings. Additionally, shifts in global trade policies or interest rate changes could influence the ETF's returns.

CHIQ Top 10 Holdings

The CHIQ ETF is heavily concentrated in China's consumer discretionary sector, with Alibaba and PDD Holdings leading the charge thanks to steady growth and strategic investments. However, Meituan and JD.com are holding back the fund’s performance, grappling with profitability pressures and competitive challenges. BYD Co and NIO add a splash of innovation with their electric vehicle focus, though mixed signals in their stock performance temper enthusiasm. Overall, the fund’s positioning reflects a bet on China’s evolving consumer landscape, but recent stock volatility suggests a bumpy ride ahead.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
9988	Alibaba Group Holding Ltd.	11.94%	$28.50M	HK$3.15T	73.79%	74 Outperform
PDD	PDD Holdings	9.93%	$23.71M	$187.30B	11.87%	76 Outperform
3690	Meituan	6.96%	$16.62M	HK$623.36B	-46.66%	74 Outperform
1211	BYD Co	6.40%	$15.29M	HK$1.07T	8.69%	66 Neutral
9618	JD.com, Inc. Class A	5.68%	$13.57M	HK$408.21B	-19.29%	70 Outperform
9961	Trip.com Group Ltd.	4.77%	$11.38M	HK$358.30B	9.31%	73 Outperform
9866	NIO Inc. Class A	3.04%	$7.25M	HK$114.23B	35.65%	48 Neutral
9868	XPeng, Inc. Class A	2.89%	$6.90M	HK$166.21B	96.84%	51 Neutral
9992	Pop Mart International Group Limited	2.81%	$6.71M	HK$294.32B	207.88%	69 Neutral
0175	Geely Automobile Holdings	2.79%	$6.67M	HK$186.19B	35.62%	76 Outperform

CHIQ Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

23.39

Negative

100DMA

22.44

Positive

200DMA

21.82

Positive

Market Momentum

MACD

-0.03

Positive

RSI

45.72

Neutral

STOCH

47.52

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CHIQ, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 23.34, equal to the 50-day MA of 23.39, and equal to the 200-day MA of 21.82, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.72 is Neutral, neither overbought nor oversold. The STOCH value of 47.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CHIQ.

CHIQ Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
CHIQ	―	―	$238.97M	0.65%	61 Neutral
KWEB	―	―	$9.73B	0.70%	73 Outperform
INCO	―	―	$295.30M	0.75%	61 Neutral
KTEC	―	―	$63.95M	0.69%	70 Neutral
INQQ	―	―	$63.16M	0.86%	55 Neutral
TMH	―	―	$2.32M	0.19%	67 Neutral

Performance Comparison

CHIQ

Global X MSCI China Consumer Discretionary ETF

23.05

2.55

12.44%

KWEB

Kraneshares Csi China Internet Etf

―

INCO

Columbia India Consumer ETF

―

KTEC

KraneShares Hang Seng TECH Index ETF

―

INQQ

India Internet & Ecommerce ETF

―

TMH

Toyota Motor Corporation ADRhedged

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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