In a late July report to Bespoke Premium clients, we noted that even though the sizzling stock market in China was generally closed to outside investors, US investors still had plenty of (and in some cases superior) options to invest in Chinese stocks through the vast number of Chinese ADRs trading on US exchanges. There are currently over 125 Chinese ADRs that trade on US exchanges, and of those, 58 have market caps of more than $300 million.
Now that the Chinese equity market has stabilized and is back on the upswing, we updated our chart comparing the performance of the Chinese stocks listed locally in China and their US listed peers (ADRs). While locally listed Chinese stocks are still well below their peaks from August, our basket of US listed ADRs remains in a well-defined uptrend and has broken out to new highs for the year.
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