Matthews Asia portfolio manager Andrew Mattock wants you to know he's cracked the code on AI investing. The secret involves China. The world's second largest economy. You know, that place every fund manager has been allocating to since before you were born.
This is the missing piece. Not the semiconductors. Not the data centers. Not the power infrastructure or the copper mines or the cooling systems. China. The entire country. Just point your money at 1.4 billion people and call it an AI play.
Mattock works at Matthews Asia, a firm that specializes in Asian markets, so his groundbreaking insight that investors should consider Asian markets for their portfolios represents the kind of unbiased analysis retail traders crave. Next week a guy from the Vanguard Oil and Gas Fund will explain why energy stocks might be worth a look.
The strategy revolves around the world's second largest economy. It revolves. Like a planet. Or a rotisserie chicken. Your portfolio will orbit China because a man with the title portfolio manager said the word AI in the same paragraph as the word China.
Somewhere right now a guy named Derek is reading this headline on his lunch break. He's already opened his brokerage app. He's typing China into the search bar. He's buying an ETF with 0.87% expense ratio that holds stakes in companies he can't pronounce that manufacture products he doesn't understand in cities he can't locate on a map. Derek thinks this is the missing piece.
The piece was never missing. Derek just can't read a chart.
Photo by Igor Omilaev on Unsplash
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