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Opinions Keith Richards
BMO CHINA EQUITY INDEX ETFZCH.TOPAST TOP PICKOct 09, 2023
Keith RichardsOwned
N/A
Stock price when the opinion was issued
$17.70
As of Jun 19, 2026. Market Open.
E.T.F.'s
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TOP PICK
He bought it at the bottom. Per his normal strategy, he will sell at the top of its trading range. China was feared/disliked as an investment, which became a traded trade, and that's when he bought. Inevitably, sentiment reverses.
Keith RichardsOwned
E.T.F.'s
BUY ON WEAKNESS
China is the second largest economy in the world and will be first in the future. With the tilt towards equalization and communist philosophy. China has some growth challenges with bad demographics that is aging and shrinking. 1.4B people is still a huge number. Be mindful on trimming in rallies. 2-4% would be okay with up to 5% with the next few years. Focus on the China A shares, not the Hong Kong shares.
E.T.F.'s
BUY ON WEAKNESS
A lot of money is unclear on China. China wants to be the biggest economy of the world, as the reserve currency and wants to lead. However, they cannot do this without opening capital markets and letting it thrive. Accumulating every notch down. An opportunity to add every few pullbacks. However, there is limited visibility on the future.
E.T.F.'s
COMMENT
COMMENT
China equity ETF. There is not likely to be any escalation in trade risk between China and US. Trump is not going to escalate, but there will be no progress either. China has massive growth problems. The population will peak in the next 5 to 10 years according to the world bank. Their natural growth is held at 2%. There is a big headwind in China and he would not add to it except in pull backs. He prefers the 'A' shares market in the US for China exposure. This is not a no-brainer play.
E.T.F.'s
COMMENT
Modi is now allowing Apple to do business there. India's had problems with bureaucracy, and if he makes it easier for foreign companies to come in and raise capital, it could be great. It depends on how the trade talks will go in terms of China. China has many geopolitical issues.
E.T.F.'s
BUY
Is all the bad news baked in? A good China ETF. China is the second-largest economy in the world, but has less than 2.5% exposure in the MSCI indexes. America has peaked, so money managers will be chasing China. This is a 10-20-year play with lots of corrections. Dont time this. A long-term secular play. Edge money in patiently over time.
E.T.F.'s
He's long-term on this ETF. There is defined support at $14, so if you buy at $14, you're okay. But be patient. If it breaks below that support, he will get it.