Wirestock/iStock via Getty Images Introduction It’s fair to say that the accessibility of Chinese equities through the ETF route isn’t unidimensional, with investors currently being afforded around three dozen different alternatives to play this theme. One, amongst this crowded pack, is the iShares MSCI China A ETF ( CNYA ), which will complete a decade as a listed product in June this year. CNYA,...
Wirestock/iStock via Getty Images Introduction It’s fair to say that the accessibility of Chinese equities through the ETF route isn’t unidimensional, with investors currently being afforded around three dozen different alternatives to play this theme. One, amongst this crowded pack, is the iShares MSCI China A ETF ( CNYA ), which will complete a decade as a listed product in June this year. CNYA, which has so far, amassed total assets under management [AUM] of +$200M since its inception, is priced at an expense ratio of 0.6%. Let’s dive in and find out more about this product and how it stands out. What Does CNYA Do? Those who have some inkling of the Chinese equity structure will know that gaining access to Chinese equities hasn’t always been particularly straight forward given the varied share classes on offer. Broadly, Chinese equities can be split into two buckets- Onshore stocks, which are a better representation of the domestic economy’s drivers, and Offshore stocks, that are more international and technology oriented. Share types guide (Invesco) CNYA’s focus is on the former category, more specifically A-shares, within which it currently picks out over 400 stocks. These are basically stocks that are incorporated and listed in Mainland China, and trade on the Shanghai and Shenzhen stock exchanges (rather than the Hong Kong Stock Exchange, NYSE or NASDAQ where they are listed as American Depository Receipts) where they are denominated in Renminbi (RMB) terms, rather than HKD (Hong Kong Dollars) or USD (US Dollars). A Few Structural Drawbacks Of CNYA Investors should also note that CNYA isn’t an ETF that employs a fund manager to actively pick Chinese A-shares from scratch; rather, through a sampling process, it seeks to mirror the performance of an A-shares focused index called the MSCI China A Inclusion Index [MCAII] . Resorting to passive management is certainly not a flaw, but one could say that CNYA’s sampling process is hardly pristine, as the ETFs tracki...
Oracle Corporation shares are up during Tuesday’s premarket session. The company announced a new AI-powered solution aimed at enhancing restaurant operations. This development comes as the broader market experienced gains on Monday, with the Technology sector rising 1.01%. Details Oracle and Oracle NetSuite on Tuesday unveiled Oracle NetSuite Restaurant Operations, an AI-powered platform designed ...
Oracle Corporation shares are up during Tuesday’s premarket session. The company announced a new AI-powered solution aimed at enhancing restaurant operations. This development comes as the broader market experienced gains on Monday, with the Technology sector rising 1.01%. Details Oracle and Oracle NetSuite on Tuesday unveiled Oracle NetSuite Restaurant Operations, an AI-powered platform designed to unify back-office functions for restaurants. Don't Miss: Some of the biggest financial mistakes c
It was late January, and Pinterest engineer Teddy Martin was on edge about recent layoffs at the company. Martin had just survived a round of cuts, but he and other employees were confused about who was being let go and why, and explanations from top executives including CEO Bill Ready had done little to quell the unease. So when Martin saw someone mention a tool that would shed light on the scope...
It was late January, and Pinterest engineer Teddy Martin was on edge about recent layoffs at the company. Martin had just survived a round of cuts, but he and other employees were confused about who was being let go and why, and explanations from top executives including CEO Bill Ready had done little to quell the unease. So when Martin saw someone mention a tool that would shed light on the scope of the impact, he decided to share it in Slack. The tool was a simple command known as ldapsearch - it aggregated a list of deactivated employee accounts from the directory, organized by office location, spitting out only the number of recently de … Read the full story at The Verge.
‘Partnership’ on drug pricing also gives patients in Britain greater access to potentially life-extending treatments British drug exports to the US will escape tariffs imposed by Donald Trump as part of a controversial UK-US medicines deal that critics fear will mean less money for the NHS. The deal will also give patients in Britain greater access to potentially life-extending drugs because the r...
‘Partnership’ on drug pricing also gives patients in Britain greater access to potentially life-extending treatments British drug exports to the US will escape tariffs imposed by Donald Trump as part of a controversial UK-US medicines deal that critics fear will mean less money for the NHS. The deal will also give patients in Britain greater access to potentially life-extending drugs because the rules have been relaxed to allow the NHS to pay more for particular treatments. Continue reading...
The stock market is in the throes of a sell-off, with major U.S. indexes like the Nasdaq-100 and the Dow Jones Industrial Average plunging by more than 10% from their record highs as of March 30. Ongoing geopolitical tensions in the Middle East have sent oil prices soaring, which is stoking fears of an economic slowdown here in the U.S. But one stock in particular started sinking long before the M...
The stock market is in the throes of a sell-off, with major U.S. indexes like the Nasdaq-100 and the Dow Jones Industrial Average plunging by more than 10% from their record highs as of March 30. Ongoing geopolitical tensions in the Middle East have sent oil prices soaring, which is stoking fears of an economic slowdown here in the U.S. But one stock in particular started sinking long before the Middle East conflict began. Oracle (NYSE: ORCL) has built some of the world's best data centers for developing artificial intelligence (AI), and demand for its infrastructure is through the roof. However, investors are concerned about the company's rising debts, and the reliability of one of its biggest customers. Oracle stock peaked at around $328 last September, and it has since plummeted by 57%. By one widely used valuation metric, the stock is now at the cheapest level since the AI boom started gathering momentum in early 2023, so could this be a golden buying opportunity for investors? Continue reading
alexsl Zoom ( ZM ), Freshworks ( FRSH ), and monday.com ( MNDY ) are among the enterprise software companies that could see “meaningful” growth in their free cash flow per share if they executed larger stock buybacks, Needham said. “For the first time, we have seen an increase in large buyback programs which have the potential to actually lower share count rather than just counter SBC dilution, es...
alexsl Zoom ( ZM ), Freshworks ( FRSH ), and monday.com ( MNDY ) are among the enterprise software companies that could see “meaningful” growth in their free cash flow per share if they executed larger stock buybacks, Needham said. “For the first time, we have seen an increase in large buyback programs which have the potential to actually lower share count rather than just counter SBC dilution, especially given current valuations,” analysts at the firm wrote in a note to clients. “While a change in the FCF/share growth trajectory for our coverage universe may not be meaningful today given current market sentiment on the software space, if our view on value accruing to the software layer last in the cycle proves accurate, we believe these buybacks can drive financially engineered yet meaningful share price gains over time.” Among companies covered by Needham, monday.com, Freshworks, and CS Disco ( LAW ) have the largest percentage of net cash when compared to their market caps. And 10 companies have more than 20% of their market cap in net cash, including the aforementioned companies, as well as Similarweb ( SMWB ) and Via Transportation ( VIA ). If all six companies increased the size of their buybacks (or executed larger ones), all “could all drive meaningful FCF/share growth,” the analysts posited. More on Zoom, Freshworks and monday.com Freshworks: Value Is Becoming Difficult To Ignore (Upgrade) Zoom: Undervalued And Underestimated - Even Without The Anthropic Stake Freshworks Continues Work To Avoid GenAI Disruption From Below Zoom showing 'impressive progress' putting AI into products and monetizing it: BNP Enterprise software joins Monday's rally, with Palantir and AppLovin leading