$EWY Why is nobody mentioning that Alipay's Nikkei index is like the Japanese stock market flavor index? 😤
You think you’re buying the Nikkei, but the returns are pretty much like EWY.
But in reality, the domestic QDII Nasdaq funds yield less than EWY!
The main reason is that funds won't go all-in on US stocks; they keep 5%-10% liquid to handle redemptions, so that part misses out on the gains.
Then there's the currency impact; the underlying asset is in USD. Even if US stocks go up, if the USD depreciates against the RMB, the net value in RMB takes a hit.
Check out the pinned message for the Alipay purchase list; as long as you believe in global tech,
#EWY is the way to go.
Also, I just found out that buying token $EWY $QQQ
will also yield dividends and bonuses, just in the form of compound interest directly added to your gains. Guys, the crypto whales are cashing in while we’re trying to bottom-fish in US stocks. Why don’t we just buy the most value-retaining asset in the world?