2022 INVESTMENT STRATEGY - Life begins when fear ends - KGI Securities Singapore
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2022 INVESTMENT STRATEGY Life begins when fear ends
The Big Picture
Expect higher market volatility in 2022 as we enter the next market cycle phase characterized
by negative real interest rates and high valuations.
Besides market factors, how investors allocate their portfolio is largely a matter of personal
situation and goals, which is why we have prepared a 4-part series report to provide a
framework that investors can use as a guide to form their investment decisions.
Part 1 provides the five themes highlighting our key views across different asset
classes and geographies.
Part 2 introduces 2 KGI-curated model portfolios, namely Red Packet Fund and
Monthly Distribution Fund, designed for investors who wish to achieve instant
diversification and better potential returns.
Part 3 provides our views on asset allocation, and our top 10 stock picks for the year
ahead.
Finally, Part 4 explains the five common financial planning mistakes that people make
and presents relevant case studies for varying types of clients.
If you have any questions or would like get in touch with our team, feel free to contact us at
+65 9655 8829 or drop us an email at outlookreport@kgi.com
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Agenda
Series
1. Top Five Themes for 2022
2. Introducing KGI Model Portfolio – Red Packet Fund and Monthly Distribution Fund
3. Top 10 Stock Picks for 2022
4. Meet David, Peter & Richard’s Family
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
Executive Summary – Key Themes
Theme 1 US – Stick with the winners
• Market leaders among technology stocks will continue to benefit, especially with the rise of the metaverse.
Theme 2 China – Shift to consumption and going high-tech
• A slowing economy due to the property market and supply chain disruption is likely to entail more policy support from
the government, especially in the areas of consumption and high-tech manufacturing.
Theme 3 Taiwan – Bullish on Technology
• Taiwan technology corporates are expected to hit record profits in 2021 and 2022 as the digital economy accelerates.
Theme 4 ESG – Next US$50 trillion opportunity
• ESG investments will remain high growth areas in the coming years as more countries try to hit Carbon Neutral targets.
Theme 5 We like Europe Equity, Private Equity and Digital Assets
• We see the Eurozone growing solidly in 2022.
• Digital assets are attracting more fund flows from both retail and institutional investors.
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
KGI Major Market Views
US • Relatively high overall valuations Private • Rising number of companies in private equity
NEUTRAL Equity
• However, we see opportunities in individual POSITIVE
sectors, i.e. Technology and REITs Equity funds
• Uncertainties remain
China • Overall valuations are relatively cheap; NEUTRAL Fixed • Bond prices may underperform as interest
POSITIVE Equity rates rise
structural rallies to lean toward consumption
and high-tech manufacturing
Income
• Earnings momentum driven by high
Taiwan performance computing (HPC) chips • Given bond yields at such low levels,
POSITIVE • Supply of auto chips and related parts will
POSITIVE REITS investors may switch to REITs
Equity remain tight until mid-2022
• ECB reduces bond purchases in a dovish
• Fed’s tightening monetary policy will expose
European manner
gold price to downside risk. Negative spread
POSITIVE Equity • Bond yield and commodity price hikes NEUTRAL Commodity of oil futures at all-time low likely portends
favorable to financials and raw materials lower energy prices in 2022
stocks
Structured • Provide opportunities for yield enhancement
and accumulating favorable stocks at price Digital • Digital assets such as Bitcoin and Ethereum
POSITIVE POSITIVE are attracting more fund inflows from both
Products lower than spot level. Tailor-made to fit in
specific risk-and-rewards requirements
Asset retail and institutional investors
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originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
What Could Go Wrong?
• Inflation runs hotter than expected, which would lead to more hawkish central banks and
a repricing of risk assets.
• China slows down and miss economic growth targets. The slowdown could be due to a
slower property market that spillovers into the broader economy.
• Resurgence of COVID-19, leading to the delay in the easing of supply chain problems
next year.
• Geographical tensions flare up once again, disrupting the global flow of goods and
capital.
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
Theme 1: US – Stick With The Winners
Part 1
• The rise of the US 10-year Treasury yield is likely a definite • Even against the backdrop of rising rates, strong cashflow-
trend, and over the past two-and-a half decades, small-cap, generative US technology stocks would benefit as we enter a
value and cyclical stocks tend to outperform in the wake of period of accelerated technology spending.
yield hikes.
• However, we note that over the past 25 years, the most • Specifically, the US leads in key emerging technologies such
critical swing factor is change in the yield curve. If the curve as virtual reality and the “metaverse”, which is essentially the
flattens, then technology stocks tend to rise despite a rising next generation of the internet platform.
10-year Treasury yield.
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originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
Theme 1: US – Stick With The Winners
Part 2
REITS have been among the best performing asset class over the
ASSETS TO LOOK AT
past 20 years, and we expect this trend to continue. Given bond yields
at such low levels, it is also likely that investors may switch to REITs. • US Value and cyclical stocks
The Wellington Global Property Fund provides a well-rounded • US Technology
exposure to this sector. • REITs
RECOMMENDATIONS
• Wellington Global Property
The Metaverse, which broadly refers to a shared virtual platform Income Fund
where people can access through different devices and move through • Wellington US Quality Growth
a digital environment, will likely start to gain more traction as it Fund
becomes the next big thing after smartphones. • Roundhill Ball Metaverse ETF
(META)
Semiconductor related stocks that stands to benefit include AMD and
Nvidia, while Meta Platforms (FB) and Microsoft are leading the
charge on the software front.
Roundhill Ball Metaverse ETF (META) includes many of these
metaverse-related companies.
The Wellington US Quality Growth Fund also provides a more
diversified exposure to metaverse-related names, while including
many quality market leaders.
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originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
Theme 2: China – Shift to consumption and going high-tech
Part 1
• Due to occasional new COVID 19 cases, China government’s tightening of the IMF forecasts China’s economy
property market, as well as strengthened regulatory control over several sectors, to grow 5.6% in 2022
9%
China economic growth has continued to slow down to only 3.8% in 3Q21. 8%
7%
6%
• Although China’s economic growth slowdown is likely to continue in 4Q21, the 5%
Central government has not launched any sizable stimulus package. Despite the 4%
recent weakness, China’s GDP is still expected to increase near 8% in 2021, 3%
2%
which is comfortably above the official target of 6%. It is therefore no surprise that 1%
the Central government can tolerate slower growth in 2H21. 0%
2017 2018 2019 2020 2021F 2022F
• Meanwhile, Hong Kong-listed China stocks have performed poorly in 2H21,
mainly due to regulatory risk concerning the stepped-up antitrust pressure on China retail sales growth is rebounding
20%
internet stocks, in addition to the credit tightening of China’s property market. 18%
Together with supply chain problems impacting manufacturers, 2021 has not been 16%
a good year for China’s stocks.
14%
12%
10%
8%
• Looking ahead, China 20th Party Congress will be held in late 2022, and we believe 6%
overall sentiment is likely to improve as we head into 2022. In fact, with a 4%
2%
higher base in 2021, especially 1H21, the Central government might need to
0%
Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21
intensify its support on the overall Chinese economy, especially on consumption
and fixed asset investment.
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Theme 2: China – Shift to consumption and going high-tech
Part 2
• China’s government has already started to loosen the mortgage market. Although loans
ASSETS TO LOOK AT
to private owned developers are still subdued, China’s overall property market is likely to
• China Equity
be more stable in 2022. It is also likely that peak regulatory risk for the internet sector has • China Consumption
passed. Thus, when taking all these into account, China’s stock market should have a
better year in 2022 as compared with 2021. Investors could look at the iShares MSCI RECOMMENDATIONS
China ETF (MCHI).
• MSCI China ETF (MCHI)
• Allianz China A Shares Fund
• Given the increasingly unstable and hostile outside world, China President Xi Jinping
raised the idea of dual circulation model to sustain economic growth. China will rely
on “internal circulation” - the domestic cycle of production, distribution, and consumption -
for its development, supported by innovation and upgrades in the economy, to reduce the
reliance on export activities.
• It is expected that China’s government will boost personal consumption and fixed asset
investments in 2022. Specifically, the common prosperity strategy is to reduce the
housing and education burden. This will lead to an increase in personal consumption
power.
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 3: Taiwan – Bullish on Technology
Part 1
Taiwan’s impressive GDP growth
• Taiwan's economic performance during the 2020-21 pandemic was
during the pandemic
exceptional. Not only was there no recession, but the economy grew faster than
the trend line. The key to this anomaly is straight forward: Taiwan did much
better where it was expected to do well, and not so badly where it was expected
to do badly.
• Taiwan did well in terms of exports and investments, especially on the export
front due to the acceleration of the digital economy, which has significantly
boosted global demand for digital products. As a major exporter of such
products, Taiwan has been almost the biggest beneficiary of such growth.
In 1Q-3Q21, exports (including services) grew 19.3%, well above the Economic growth driven by exports &
worldwide average. private-sector consumption
• In terms of investment, it is less well known that Taiwan has been an
outperformer for the past three years. Even this year, investment performance has
been outstanding, driven by capital expenditure on 5G networks, green facilities,
and increased transportation purchases such as rail vehicles and ships.
Semiconductor investment, led by TSMC, reflects very impressive
investment by the manufacturing sector as a whole, growing 20.5%
YoY in 1H21.
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 3: Taiwan – Bullish on Technology
Part 2
• When the pandemic eases next year, Taiwan's consumption is expected to
ASSETS TO LOOK AT
see a stronger rebound as well and become a driving force of the economy. In
• Taiwan Technology
fact, similar to other countries, Taiwan has accumulated high excess savings
• Taiwan Consumption
during the pandemic, reaching NT$0.84tn since 2020 to account for 4.23% of
GDP. Even if as little as 30-40% of this is used on consumption, the
RECOMMENDATIONS
contribution to GDP will come in at 1.27-1.70ppts.
• iShares MSCI Taiwan ETF
(EWT US)
• Benefiting from the acceleration of the digital economy driven by the epidemic, as
well as stronger rebound of consumption, it is expected that Taiwan corporates
would hit record profit in 2021 and 2022. ROE will reach 13~14%, which is close
to the historical high level of 14% in 2007. Referring to boom years, provides
support to the Taiwan stock market. Referring to 2.3x price to book value in 2007,
Taiwan stock market should still have certain upside room in 2022.
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 4: ESG – Next US$50 trillion opportunity
Part 1
• Ever since former US president Donald Trump launched the trade
war against China in 2018, China-US bilateral ties have deteriorated China NEV Sales Rose 2x in 1-3Q2021
400 800%
significantly. The "tech cold war" is rapidly becoming a major
350 700%
battleground in the US-China superpower rivalry. The US has placed
300 600%
many constraints on US companies supplying software and components
250 500%
to Chinese tech companies, particularly in the banning of supplies to 200 400%
Huawei. 150 300%
100 200%
50 100%
• Although China-US relations have deteriorated, both countries still 0 0%
Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21
have areas for collaboration because there will be societal challenges New Energy Auto Growth
that the two countries can work together to address, such as climate
ESG AUM has risen Sharply
change. In a positive start, Chinese President Xi Jinping and US in recent years
president Biden held a virtual meeting in Mid-Nov 2021, to cool tensions 40
between the two powers as the leaders seek to manage issues they 35
disagree on and identify ways to communicate to avert conflict. 30
25
20
• During the virtual meeting, Xi Jinping and Biden also talked about major 15
topics of concern including the Taiwan question, trade and climate 10
5
change. Of which, the two leaders discussed the existential nature of the
-
climate crisis and the important roles played by their respective countries, （Trillion USD）
2016 2018 2020
US Europe Other
the world’s top two emitters of greenhouse gases. They also talked about
how they would continue this engagement in the future.
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 4: ESG – Next US$50 trillion opportunity
Part 2
• In fact, US Climate Envoy John Kerry has worked hard in recent months
ASSETS TO LOOK AT
to get the cooperation between the US and China to reduce carbon
• ESG Funds
emissions. As a result, China and the US have agreed to boost
climate co-operation over the next decade, in a joint announcement at
the COP26 climate summit in Glasgow in November 2021. Both parties RECOMMENDATIONS
are committed to pursuing such efforts, including by taking enhanced • iShares Global Green Energy
climate actions that raise ambition in the 2020s in the context of the Paris ETF (ICLN)
• AB Sustainable Global
Agreement.
Thematic Portfolio
• US President Biden is committed to cutting greenhouse gas emissions
50-52% below 2005 levels in 2030, reaching a 100% carbon pollution-
free power sector by 2035, and achieving a net-zero emissions no later
than 2050. Meanwhile, China President Xi Jinping also raised an
aggressive target of Carbon Peak 2030 and Carbon Neutral 2060.
Hence, ESG investments will remain high growth areas in the
coming years.
• Investors should look at related ETFs such iShares Global Green
Energy ETF (ICLN) and funds such as the AB Sustainable Global
Thematic Portfolio.
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 5: Diversification – Moving to Europe,
Private Equity and Digital Assets
We see opportunities in markets such as For alternative asset classes, private equity
Europe that will help diversify beyond the is worth looking at. Meanwhile, institutional
ASSETS TO LOOK AT
key markets of China and the US. and retail investors are shunning gold in • European Equities
favor of digital assets as a hedge against • Private Equity
inflation • Digital Assets
RECOMMENDATIONS
• BlackRock European Equity
Fund
Europe Private Equity Digital Assets
• The Eurozone is likely to • There is a rising number of • Digital assets such as Bitcoin
grow solidly in 2022 amid companies in private equity and Ethereum are attracting
pent-up spending and the funds, while the universe of more fund inflows from both
rapid deployment of recovery public companies continue to retail and institutional
funds that is likely to provide shrink. Investors who focus investors.
the region with an additional exclusively on public
boost. investments will be excluded
from this growing pie.
• Our favorites are in
automotive, semiconductor • Private equity provides an
and industrial manufacturers. investors a long-term
prospective.
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Top Recommendations Summary
US Stick with the winners
Roundhill Ball Metaverse ETF (META)
Wellington Global Property Income Fund
Wellington US Quality Growth Fund
CHINA Shift to consumption and high-tech
MSCI China ETF (MCHI)
Allianz China A Shares Fund
TAIWAN Bullish on Tech
iShares MSCI Taiwan ETF (EWT)
ESG Next US$50 trillion opportunity
iShares Global Green Energy ETF (ICLN)
AB Sustainable Global Thematic Portfolio
DIVERSIFICATION We like Europe
BlackRock European Equity Fund
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 1: US – Roundhill Ball Metaverse ETF
1 Year Performance
The Roundhill Ball Metaverse ETF is an exchange-traded fund incorporated in the US. The fund seeks to track
18
the performance of the Ball Metaverse Index, which is comprised of leading companies across major categories
17 of the Metaverse. The Index is developed and maintained by an Expert Council whose specialized knowledge
reflects the range of relevant sectors.
16
15
14 Holdings Country Allocation
13
SYMBOL HOLDING % Assets
NVDA US NVIDIA Corp 10.1 South Singapore
Taiwan China
12 Korea 3% 3% 5%
Aug-21
Aug-21
Aug-21
Aug-21
Sep-21
Sep-21
Sep-21
Sep-21
Sep-21
Jul-21
Jul-21
Jul-21
Jul-21
Oct-21
Oct-21
Oct-21
Oct-21
1% Japan
Jun-21
Nov-21
Nov-21
Nov-21
RBLX US ROBLOX Corp 9.7
3%
MSFT US Microsoft Corp 6.9 Sweden
1%
YTD 1Y 3Y U US Unity Software Inc 6.2 Germany
0%
Commulative Returns (% ) NA NA NA FB US Meta Platforms Inc 5.7
U.S.
ADSK US Autodesk Inc 4.1 84%
Currency USD AMZN US Amazon.com Inc 3.9
Exchange NYSE Arca 700 HK Tencent Holdings Ltd 3.6
Net Total Assets (mn) 701 QCOM US QUALCOMM Inc 3.5
Net Expense Ratio 0.75 TSM US Taiwan Semiconductor Manufactu 3.4
P/E 43.1
P/B 7.8
3-month daily avg turnover (mn) 12,358,310
1-month share price performance (% ) 13.1 (Source: Bloomberg)
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 1: US – Wellington Global Property
Income Fund
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 1: US – Wellington US Quality Growth Fund This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
Theme 2: China – MSCI China ETF
1 Year Performance
iShares MSCI China ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the
100
performance of the MSCI China Index. The Index is a free float adjusted market cap weighted index designed to
95 measure the performance of equity securities in the top 85% in market cap of Chinese equity markets, as
90
represented by the A-Shares, H-Shares, B-Shares, Red Chips, & P-Chips.
85
80
Holdings Country Allocation
75
SYMBOL HOLDING % Assets
70
700 HK Tencent Holdings Ltd 13.4 U.S. Hong
Aus
Kong
tralia
65 0% Singapore
6%0%
0%
60 9988 HK Alibaba Group Holding Ltd 11.4
Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21
3690 HK Meituan 5.4
YTD 1Y 3Y JD US JD.com Inc 2.6
Commulative Returns (% ) -15.0 -14.9 8.8 939 HK China Construction Bank Corp 2.3
China
NIO US NIO Inc 1.9 94%
Currency USD 2269 HK Wuxi Biologics Cayman Inc 1.8
Exchange NASDAQ GM 2318 HK Ping An Insurance Group Co of 1.7
Net Total Assets (mn) 6415 NTES US NetEase Inc 1.6
Net Expense Ratio 0.59 BIDU US Baidu Inc 1.6
P/E 15.0
P/B 1.8
3-month daily avg turnover (mn) 310,762,048
1-month share price performance (% ) -5.2 (Source: Bloomberg)
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 2: China – Allianz China A Shares Fund This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
Theme 3: Taiwan - iShares MSCI Taiwan ETF
1 Year Performance
70 iShares MSCI Taiwan ETF is an exchange-traded fund incorporated in the USA. The ETF's objective seeks to
provide investment results that correspond to the performance of the Taiwanese market, as measured by the
65
MSCI Taiwan 25/50 Index.
60
55
Holdings Country Allocation
SYMBOL HOLDING % Assets
50 China
2330 TT Taiwan Semiconductor Manufactu 22.5
2%
45 2454 TT MediaTek Inc 5.1
Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21
2317 TT Hon Hai Precision Industry Co 4.2
YTD 1Y 3Y 2303 TT United Microelectronics Corp 2.5
Commulative Returns (% ) 24.7 35.6 29.4 2881 TT Fubon Financial Holding Co Ltd 2.0
Taiwan
2882 TT Cathay Financial Holding Co Lt 1.8 98%
Currency USD 6415 TT Silergy Corp 1.7
Exchange NYSE Arca 2308 TT Delta Electronics Inc 1.7
Net Total Assets (mn) 7329 2891 TT CTBC Financial Holding Co Ltd 1.5
Net Expense Ratio 0.59 1303 TT Nan Ya Plastics Corp 1.5
P/E 13.5
P/B 2.2
3-month daily avg turnover (mn) 200,038,112
1-month share price performance (% ) 6.7 (Source: Bloomberg)
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 4: ESG - iShares Global Green Energy ETF
1 Year Performance
iShares Global Clean Energy ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the
36
performance of the S&P Global Clean Energy Index. The ETF holds energy, industrial, technology, and utilities
34 stocks that can be predominantly classified as mid cap. The ETF weights these holdings using a market
32 capitalization methodology.
30
28
26
Holdings Country Allocation
24 SYMBOL HOLDING % Assets
22 ENPH US Enphase Energy Inc 10.0 Japan Hong Kong South NewSi ngapore
Portugal 1% 0% Korea Zealand 0%
20 4% Spain 2% 2%
VWS DC Vestas Wind Systems A/S 6.7
Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Italy 10%
PLUG US Plug Power Inc 6.0 1%
U.S.
Aus tria 44%
YTD 1Y 3Y ED US Consolidated Edison Inc 5.7 2%
Denmark
Norway
Commulative Returns (% ) -19.3 -0.5 37.3 ORSTED DC Orsted AS 5.4 14%
1%
SEDG US SolarEdge Technologies Inc 5.2 Sweden
0%
Germany
Currency USD IBE SM Iberdrola SA 4.1 Swi tzerlan 4% Fra nce U.K. Ca nada
d 1% 5% 7%
Exchange NASDAQ GM EDP PL EDP - Energias de Portugal SA 3.8 1%
Net Total Assets (mn) 6200 SSE LN SSE PLC 3.5
Net Expense Ratio 0.42 FSLR US First Solar Inc 3.2
P/E 46.2
P/B 2.9
3-month daily avg turnover (mn) 99,835,512
1-month share price performance (% ) -8.3
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 4: ESG – AB Sustainable Global Thematic
Portfolio Fund
This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was
originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.Theme 5: Europe – BlackRock European Equity Fund This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, “CDF”) and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.
We’re here for you.
Hey I just met you, and this is crazy,
but here’s my address
So, e-mail me, maybe.
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