5 Asian ETFs to Buy in 2022

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In this article, we discuss 5 Asian ETFs to buy in 2022. If you want to see more ETFs in this selection, click 10 Asian ETFs to Buy in 2022

5. Global X MSCI China Information Technology ETF (NYSE:CHIK)

Global X MSCI China Information Technology ETF (NYSE:CHIK) seeks to invest in the large and mid-cap technology firms from the MSCI China Information Technology 10/50 Index. The ETF was established in July 2018, and as of June 13, the total net assets amount to $19.12 million. Global X MSCI China Information Technology ETF (NYSE:CHIK)’s expense ratio is 0.65% and the fund holds 102 stocks in its portfolio. 

Lenovo Group Limited (OTC:LNVGY) is one of the top holdings of Global X MSCI China Information Technology ETF (NYSE:CHIK), representing 5.93% of the total assets. Lenovo Group Limited (OTC:LNVGY) was founded in 1984 and is based in Quarry Bay, Hong Kong. The company manufactures and markets technology products and services, operating through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. On May 27, CLSA analyst Tony Zhang upgraded Lenovo to Buy from Outperform with a price target of HK$9, down from HK$9.70. The analyst views the current valuation as attractive, saying it fully factors in the potential earnings downside.

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