Oct 7, 2024
On this week's
Stansberry Investor
Hour, Dan and Corey
welcome Brendan Ahern to the
show. Brendan is the chief
investment officer at asset manager KraneShares. The
company
provides investors access to
Chinese companies, climate investments, and
uncorrelated
assets through exchange-traded
funds.
Brendan kicks off the show by describing the basics of KraneShares and its involvement in Chinese markets. He discusses the recent surge in Chinese stocks and gives context for what's driving it. As Brendan explains, the country is focused on stabilizing real estate prices and stimulating the broader economy. By lowering interest rates and announcing loads of subsidies that will benefit its citizens, the government can increase domestic consumption at a crucial time. (0:43)
Next, Brendan talks about
China's negative reputation due to Western disinformation
and
political rhetoric. As almost
all U.S. investors are implicitly involved with China, and as
the
majority of Western companies
outsource to China, our economy depends on the
foreign
nation. Brendan also discusses
the influence U.S. investors have had on Chinese
companies
in regard to corporate
governance... billionaire hedge-fund manager David Tepper going
all-in on China... and
why he believes China won't invade Taiwan. (18:11)
Finally, Brendan breaks down the growth prospects for China today and shares his thoughts on the U.S. moving to produce more semiconductors domestically. After, he discusses today's data-driven world and the new ways this data is collected by research firms. KraneShares is able to leverage this data in turn and be selective about which Chinese companies it gets involved with. As Brendan explains, cooperation with China is both important for investors' portfolio diversification and for a harmonious future. (37:12)