Thursday’s Hidden Trades: China Stocks
Peter Kenny of Knight Equities and Peter Costa of Empire Executions weighed in on the best places to invest now.
China ETFs is the place you want to be trading, they agreed.
BLDRS Asia 50—“This is an ETF whose principle components address the infrastructure play that China is and will continue to go on for the next 100 plus years,” Kenny said on CNBC.
“This is a play that’s down 50 percent from its high of roughly 2 years ago,” he said.
Morgan Stanley China A —“This ETF has a broad spectrum of financial stocks in China; and with the stimulus package and the money that’s being spent, I think the stock has a lot more room on the upside,” said Costa.
“We’re halfway where it should be so I think with China rebounding; these are a group of stocks that will react very, very well with that,” he said.
No immediate information was available for Kenny or Costa.
Compare with Other China Plays: