To The Moon

🌟🌟🌟$X-trackers Harvest CSI 300 China A-Shares Fund(ASHR)$ jumped 8% on Tuesday trading after People's Bank of China (PBOC) announced a blitz of stimulus measures. These include the cutting of its benchmark interest rate and lower the amount of cash that Chinese banks need to hold as reserve. It also said that it would cut the interest rate payable on existing mortgages and lower down payments for 2nd homes from 25% to 15%. ASHR tracks an index of 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen exchanges. The ETF holds physical A Shares. ASHR was the first US listed China ETF capable of accessing the China A share market directly. The Top 10 holdings include Kweichow Moutai, Contemporary Amperex Technology, Ping An Insurance Group, China Merchants Bank, China Yangtze Power, Midea Group, Zijin Mining Group, Industrial Bank, BYD, Wuliangye Yibin, Industrial and Commercial Bank of China, Jiangsu Hengrui Medicine, CITIC Securities Co, Luxshare Precision Industries and Gree Electric Appliances. Top 10 holdings weightage is 23%. Total number of holdings is 287. Dividends are paid annually. The current dividend yield is 2.64%. ASHR goes ex dividend on December 20 2024. Kweichow Moutai $Kweichow Moutai Co.,Ltd.(600519)$ is the world's most valuable liquor company by market capitalisation. The company's Moutai Baijiu is considered to be China's luxury liquor. Moutai has won multiple prestigious awards and is sold in over 100 countries and regions. On Wednesday, Kweichow Moutai is up 2.4% and in the past 5 days it has risen by 11%. Contemporary Amperex Technology (CATL) $Contemporary Amperex Technology Co.,Ltd.(300750)$ specialises in the manufacturing of lithium ion batteries for EVs and energy storage systems as well as battery management systems. CATL is the biggest EV battery manufacturer with a glocal market share of 37% in 2023. Its share price has been on a tear and is up 9.3% in the past 5 days and 30% year todate. Ping An Insurance $Ping An Insurance (Group) Company Of China, Ltd.(601318)$ is a Chinese Financial Services Holding company whose subsidiaries provide insurance, banking, asset management and financial services. Ping An means safe and well in Chinese. It is one of the Top general insurers in China with about 20% market share. Ping An's share price is up 8.7% in the past 5 days and has risen 20% year todate. These are just 3 of the top Chinese companies in ASHR ETF. Performance wise ASHR is up 8% on Wednesday and has risen 10% in the past 5 days. It is now up 6% year todate but still down 3.6% in 2023. I have just started to invest in ASHR as I believe that this could be the turning point of the Chinese market. Of course the market does not move in a straight line and there could be volatility ahead. However in the long term, I believe that ASHR ETF has lots of upside potential as China is the world's 2nd largest economy and a huge population of 1.4 billion people. With the US stock market hitting all time highs after the recent rate cut by the Feds, ASHR ETF is a great low cost way to diversify my portfolio. Diversification is a key tenet to successful investing. Is it time to buy ASHR ETF? My answer is a definite YES! @Daily_Discussion @TigerStars @Tiger_comments @MillionaireTiger @CaptainTiger