Event Details:

Replay: 2024 Outlook: Beyond the “Magnificent Seven” in the Year of the Dragon
Thursday, January 18, 2024
10:00 am - 11:00 am EST

As 2024 kicks off, we may be at peak "Lollapalooza effect": or the tendency for emotions and cognitive biases to reinforce each other and drive herd mentality as described by the late Charlie Munger. Investor concentration in large-cap US equities, particularly the "Magnificent Seven" (Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, & Nvidia), underscores this point. While this positioning proved successful in 2023, uncertainties are mounting, including the outlook for continued US growth and the unknown trajectory of the US dollar amid plateauing interest rates.

While the markets may not reflect it yet, China's economy saw positive developments for the last quarter of 2023. Economic growth ticked up, exceeding expectations, the Chinese consumer continued its gradual return, there were increased policy and stimulus measures geared towards the real estate sector, and improving US-China cooperation following the Biden-Xi meeting in November. Compared to US equities, valuations in China look particularly attractive.

Join KraneShares CIO Brendan Ahern and Head of International Dr. Xiaolin Chen as they discuss Chinese equity performance in Q4 2023, provide their outlook for 2024, and more.

Topics included:

• 2023 Q4 review of Chinese markets
• High interest rates globally versus China's incremental rate cutting
• China continuting to follow through with Asia-Pacific Economic Cooperation (APEC) promises
• Catalysts for the potential China equity rebound
• Strategies for investing in China amidst volatility:
  • Dollar-cost averaging
  • Utilizing options
  • Pairing the KraneShares CSI China Internet ETF (Ticker: KWEB) with the KraneShares China Internet & Covered Call Strategy ETF (Ticker: KLIP)
• Comprehensive Q&A

1 CFP/CIMA Credit Available