BMO China Equity Index ETF (ZCH.TO) & SIA Greater China Matrix

This week saw an intriguing market response to a surprising stimulus package from China, which positively affected global markets and commodity prices. The China Mainland ETF (FLCH) rose by 11.53%, while the China Hong Kong ETF (FLHK) gained 7.41%, and Taiwan’s ETF (FLTW) increased by 5.79%. Notably, the BMO China Equity ETF (ZCH.TO) emerged as a highlight in our newly established Custom China universe matrix.

TENCENT MUSIC ENTERTAINMENT GROUP (TME)

Tencent Music Entertainment Group (TME) has emerged as a leading performer in the SIA relative strength rankings for the latter part of 2023, quickly returning to the favored zone after a brief dip. With a strong SMAX score of 8 out of 10, TME showcases solid short-term performance and excellent relative strength compared to other asset classes and peers in the SIA International ADR universe.

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