Cathie Wood Exits Chinese Stocks as Beijing Cracks Down

The transcript discusses the exposure of funds to Chinese stocks, highlighting recent reductions in allocations due to regulatory crackdowns and market uncertainties. Kathy Woods' investment strategies, particularly her involvement with Tesla and its operations in China, are examined. The conversation also touches on the broader market sentiment, potential economic growth in China, and the attractiveness of Chinese stocks despite current challenges. Finally, the transcript explores sector-specific investment opportunities, noting the impact of government policies on various industries.

What was the initial percentage of Chinese stocks in two of the fund manager's portfolios earlier this year?

• 8-9%

• 12%

• 15%

• 5%

Why are some investors concerned about Tesla's operations in China?

• Lack of demand

• Competition from local brands

• High production costs

• Regulatory risks

What is a significant reason for U.S. companies' interest in the Chinese market?

• Stable political environment

• Advanced technology

• Massive and growing population

• Low labor costs

Which sectors have been affected by the Chinese regulatory crackdown?

• Healthcare and Pharmaceuticals

• Retail and Tourism

• Education and Big Tech

• Agriculture and Mining

What is the largest holding in the ETF with the ticker KWEB?

• Baidu

• Tencent Holdings

• JD.com

• NIO