15 December 2022: Wealth Product Ideas
| Fund Name (Ticker) | Global X MSCI China Health Care ETF (CHIH) |
| Description | The Global X MSCI China Health Care ETF (CHIH) seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Health Care Sector as per the Global Industry Classification System (GICS). |
| Asset Class | Equity |
| 30-Day Average Volume (as of 13 Dec) | 2,400 |
| Net Assets of Fund (as of 12 Dec) | $9.90 M |
| P/E Ratio (as of 12 Dec) | 45.59 |
| P/B Ratio (as of 12 Dec) | 3.33 |
| Management Fees | 0.65% |
Top 10 Holdings
(as of December 12, 2022)
- BUY Entry – 16.0 Target – 18.0 Stop Loss – 15.0
- China has abandoned its long-lasting Zero-COVID measures and is actively normalising its economic activities.
- There is rising concern among the public about ensuing infections, resulting in the purchase of OTC medications for COVID and other related respiratory treatments.
- Retail pharmacies are seeing a jump in their sales volume.
- With the recently lifted COVID restrictions in China and the upcoming Chinese New Year, there will be a surge of travellers. The wave of Omnicron infections has yet to peak, the death rate is currently around 0.3% to 0.4%, however, hundreds of thousands of patients are expected to be hospitalised within the next few months.
- This will put a strain on the healthcare system the demand for related medical devices like oxygen tanks will increase.
Source: Bloomberg
| Fund Name (Ticker) | Utilities Select Sector SPDR® Fund (XLU) |
| Description | The Utilities Select Sector SPDR® Fund seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the Utilities Select Sector Index. |
| Asset Class | Equity |
| 30-Day Average Volume (as of 13 Dec) | 12,286,457 |
| Net Assets of Fund (as of 13 Dec) | $16,949.36 M |
| P/E Ratio (as of 12 Dec) | 23.50 |
| P/B Ratio (as of 12 Dec) | 2.25 |
| Management Fees | 0.10% |
Top 10 Holdings
(as of December 12, 2022)
- BUY Entry – 70.0 Target – 77.0 Stop Loss – 66.5
- Growing worries that Federal Reserve’s interest rate increases will bring on an economic downturn next year
- With signs of a possible recession, people are investing in defensive sectors, such as utilities
- Signs of possible recession: monetary tightening by the Fed, steep slowdown in the housing market and yield curve inversion
- Investors will receive dividends semi-annually
