Baidu and Tencent combine for 17.1% of QQQC’s weight and six Internet names popular that ETF’s top-10 holdings as well.
“No doubt Alibaba will set all kinds of new records as it goes public. Time will tell if the price action of CQQQ is sending an accurate or false message for traders,” adds Kimble.
Guggenheim China Technology ETF
Chart Courtesy: Kimble Charting Solutions
Tom Lydon’s clients own shares of QQQ.