To The Moon

🌟🌟🌟The latest stimulus plan by the Chinese authorities has produced a powerful rally in Chinese stocks. The CSI 300 Index of big Chinese companies that traded in Shanghai or Shenzhen rose 4.5% and was up 15.7% this week. The gain was the largest in a single week for the index since November 2008. The Hang Seng Index in Hong Kong was also up 12.8% this week. My best performing Chinese ETF is $iShares China Large-Cap ETF(FXI)$ as I am up 21%. FXI is one of the oldest China focused ETFs which started on October 5 2004 by BlackRock under its iShares brand. FXI represents a concentrated portfolio of 50 large cap H Shares, P Chips and Red Chips listed in Hong Kong. FXI draws its selection from the FTSE China 50 Index. The Top 10 holdings include $Alibaba(09988)$ $MEITUAN-W(03690)$ $TENCENT(00700)$ China Construction Bank, $JD-SW(09618)$ Industrial & Commercial Bank of China, Bank of China, Xiaomi Corp, BYD, Ping An Insurance and Netease. The Top 10 holdings weightage is 58.5%. Total number of holdings is 50. The expense ratio is 0.74%. Assets Under Management is USD 4.59 billion. Dividends are paid every 6 months. The current dividend yield is 2.61%. FXI goes ex dividend on December 17 2024. Performance wise FXI is up 17% in the past 5 days and 38% year todate. In 2023, FXI had risen 21%. Wall Street Analysts are bullish on FXI with Target prices ranging from a high of USD 39.83 to a low of USD 28.45 according to 52 analysts surveyed by Tipranks. That is an upside potential of 23% on the top end. I have invested in FXI since 2023 as it gives me a low cost, value for money exposure to 50 of the largest Chinese stocks in just 1 ETF. I am bullish in FXI with the latest blitz of stimulus from the Chinese authorities and the big 0.5% rate cut from the Feds. I also like the rising tide of bullish sentiments, analysts' optimism and the inexpensive valuation of Chinese stocks that FXI holds. I believe that FXI has reached a turning point and has lots of exponential growth ahead. Most importantly FXI provides me with a great diversification in my portfolio. Go Long Go Strong Go FXI ETF! @Daily_Discussion @TigerStars @Tiger_comments @MillionaireTiger @CaptainTiger