Cheap, Hated, But On An Uptrend: Can China Be A Once In A Lifetime Opportunity?

Cheap, Hated, But On An Uptrend: Can China Be A Once In A Lifetime Opportunity? | Brendan Ahern

Рет қаралды 2,783

2 ай бұрын

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Today's guest is Brendan Ahern, Chief Investment Officer at KraneShares, which provides investors access to China, Climate, and other uncorrelated strategies. He also produces China Last Night, a daily note recapping important news out of China.
In today’s episode, Brendan delves into the current state of China's stock market and economy, exploring the impact of the property crisis, upcoming U.S. election and the state of the consumer. Our discussion addresses key questions on whether China remains a viable destination for investors, considering recent regulatory changes, economic policies, and global market dynamics.
To see links or read the transcript of the episode, visit us at mebfaber.com/2024/05/31/brend...
(1:02) Introducing our guest, Brendan Ahern
(5:53) The state of China's economy
(14:18) Analysis of China's geopolitical concerns and international partnerships
(20:01) The narrative around China post Russia-Ukraine
(22:03) Deep dive into KWEB
(29:44) Implications of the US election
(32:40) Discussion on currency hedging
(33:52) Other KraneShares' funds
(41:44) Will TikTok be banned
(43:52) Brendan's most memorable investment
(46:18) Future plans for KraneShares
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Sponsor: 10 East is a membership-based investment firm founded by Michael Leffell, former Deputy Executive Managing Member of Davidson Kempner, focused on providing targeted exposure to private markets. Members invest at their discretion in single-investment and niche fund vehicles across private credit, real estate, private equity, and venture capital. Learn more: app.10east.co/
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Пікірлер: 13

@machoheadgames8854 2 ай бұрын

KWEB expense ratio (0.7%) seems really high for a passive fund.

@macfin4862 2 ай бұрын

Everyone buys stuff from Temu in Australia, it's strange that it's taken off so much where baba never did

@dmitri-ji 2 ай бұрын

Meb, I am a regular listener of your show. Love it. But don't you want to start the episode by disclosing the fact that your guest speaker owns large positions in the equities that he recommends on your show?

@user-ys5qp4bq4s Ай бұрын

It's interesting he didn't mention their KPRO and KBUF. Collar-ish ETFs that take advantage of the nominal interest rate in the US and the call-put skew. KPRO has zero downside and 20% upside participation. KBUF has ~40% upside participation but there's a 10% loss potential.

@frankyfourfingers1382 2 ай бұрын

Anyone that thinks investing in China is a good idea should really, AND I MEAN REALLY, learn what happened to those that invested in Russia. Stuff like lower quality brokers selling investors out of their positions at pennies on the dollar, because patriotism. Then when trading was halted ETF providers like Blackrock almost immediately said we are closing/liquidating the fund. Long story short, when investing in countries that may possibly become hostile with the west, beware counterparty risk, and by that I mean not just the country you're invested in, I mean your broker, ETF providers, and the good ol' US government. Patriotism is a hell of a thing, and it can mean permanent loss of capital. Only invest in China if you realize you aren't value investing, you are in fact putting on a geopolitical trade, and as one analyst I saw mention, don't count on Xi or Putin to act in a way that might seem rational. I wish I could buy Chinese stocks, but it's a dangerous game.

@HectorYague Ай бұрын

Sorry, but the guest ducked the question regarding the potential chances and consequences of a Taiwan invation. If he was honest, he would have admitted that it is indeed a tangible risk and, should it happen, the US will likely force liquidation of all stock investments in China (as they did in Russia). China is not a valuation play - it is a geo-risk play because the risk is real, and the guest should have addressed to not hurt his credibility. He is talking his book.

@thebigredfish 2 ай бұрын

Damn this seems like a bad idea...

@rickfool1452 Ай бұрын

This is pure trash

@stephenanthony5923 2 ай бұрын

Major international investment banks are pulling away from China, so why would Meb's audience stand a chance in the wild east of China finance? Sorry Meb, this episode is bunk.

@andrewlim7751 Ай бұрын

The investment bankers went right back in recently, and they hit A-Z almost every counter. 😂😂