S&P/HKEX GEM over 20 years!
This isn't a chart of an inverse ETF. It's the chart of the Hong Kong Growth Enterprise Market Index (S&P/HKEX GEM) over 20 years.
A complete and utter failure of a market meant to foster small company listings in the hopes of eventually migrating to the Main Board.
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There were some success stories, like ENN Energy $ENN ENERGY(02688)$ , Kingdee International $Kingdee International Software Group Co., Ltd(KGDEF)$ , Sino Biopharm $SINO BIOPHARM(01177)$ , and C&D International $CD International Enterprises, Inc.(CDIIQ)$ .
They went on to deliver 10X++ returns. But for the most part, it makes no sense to invest in a market designed to find "hidden gems" in a pile of 🐴💩. You will likely end up with a lot of it on your face.
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