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‘Tale of Two Chinas:’ Hot AI Trade Meets Cooling Consumer Activity

Two Chinese markets. Two completely different stories and the case for owning both.

In a recent interview with Schwab Network, Henry Greene broke down the divergence between Mainland and offshore Chinese tech.

KSTR, which tracks the top 50 STAR Market science and technology names in Mainland China, is up over 50% year-to-date.1

KWEB, which holds offshore internet names such as Alibaba, Tencent, and Meituan, is trading at its lowest P/E multiple in 4 years.2

Greene's take: the hardware side is winning the AI capex boom today, but don't overlook who actually delivers AI to the end user. "The internet platforms are who are going to be delivering AI productivity to the end user."

Two different exposures. One complete China AI story.

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This material contains Henry Greene's and the speakers' opinions. It is provided for informational purposes only and should not be regarded as investment advice or a recommendation of specific securities.

For KSTR standard performance, top 10 holdings, risks, and other fund information, please click here.

For KWEB standard performance, top 10 holdings, risks, and other fund information, please click here.

The performance data quoted represents past performance. Past performance does not guarantee future results. The