$NikkoAM-StraitsTrading MSCI China Electric Vehicles and Fut...
Was holding on to this since launch and it didnt perform as expected. As rightly shared by many of you this ETF is managed very badly. The portfolio manager didnt care about investors and left it to die on its own.
Seeing it breach the .42 level and go down below to .398 i closed my position with a loss of 1800 dollars. Good lesson learnt is dont subscribe to any of the stocks or ETFs that is China EV based.
Not an advise, just sharing my experience.
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Fundamentalist : Scam.
Fundamentalist : Can find out who are the managers? Have to avoid those ETF they manage….
taichimaster : Sad to hear your experience. But stay cool. China equities going through a tough period but I’m sure it will improve. If can hold, just hang tight. Investing is like that.
Venki KannadasanOP taichimaster: Thank you for your comment. Really appreciate it. I have already sold it as I want to cut my losses. My greatest fear is this might go down to zero anytime as there has been no upward trend at all. Once it had breached the .4 level I think it is going to hit rock bottom soon. One of the worst ETFs promoted by Moomoo. Please don’t buy any ETFs promoted by Moomoo.
Acewave : Same here, own since the day launch, more then a year since like completely not performing…