" The delisting risk of Chinese ADRs trading in the U.S. had been low "
Emerging Markets ETF issuer EMQQ Global had long maintained that the delisting risk of Chinese ADRs trading in the U.S. had been low. In March, EMQQ Global Founder & CIO Kevin T. Carter assured investors during a briefing video that there was “no immediate delisting threat.”
For one thing, the SEC and China Securities Regulatory Commission had years to work out a deal. And even if they couldn’t reach a deal in time, Carter noted that any holdings of Chinese stocks could “be transferred quite easily” to the Hong Kong Exchange.
China is the largest country exposure for the $Emerging Markets Internet And Ecommerce Etf (The)(EMQQ.US$ , making up a little more than half the fund’s weight as of Wednesday. By focusing on the internet and e-commerce in emerging markets, EMQQ looks to capture the growth and innovation happening in some of the largest and fastest-growing populations in the world.
The EMQQ Index climbed 3.7% in August, with the top 5 contributors all coming from China, including $PDD Holdings(PDD.US$ , $KE Holdings(BEKE.US$ , $Meituan ADR(MPNGY.US$ , $Tencent(TCEHY.US$ , and $Alibaba(BABA.US$ .
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