Outlook for Asian Tech
Hi James and team, What is your outlook on ASIA ETF? It looks like it is starting to head up again. Appreciate your thoughts. Liz B
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Answer
Hi Liz,
Inline with our view that a short term pop higher in technology stocks is likely to play out, we are bullish the ASIA ETF which holds Asia’s 50 largest tech stocks (ex-Japan). Similar to our view that the Nasdaq will test recent highs ~14000, we are bullish the ASIA ETF targeting a move towards $14 however we do plan to reduce our exposure to technology into the expected rally.
