Chinese markets are having their best quarter in years. Kevin O'Leary, chairman of O'Shares ETFs and co-host of 'Shark Tank,' says exposure to the Asian markets is essential.
The Shanghai Composite is up nearly 5 percent in just the past two sessions, tracking for an eighth week higher and on track for its best quarter since 2014. That would also mark its first quarterly gain in six.
, chairman of O'Shares ETFs and co-host of"Shark Tank," says exposure to the Asian markets is essential, during good times and bad..""The volatility is twice what our market is, basically, and what I've learned is as an investor is you've got to suck it up and take the pain. If you want to have 5, 10, 15 percent in the Asian markets, which you should, you've just got to get ready for volatility in your portfolio. And it hurts.
Tim Seymour, CIO of Seymour Asset Management, says sharp sell-offs last year have made for attractive valuations in Chinese stocks. "In the short term, I actually think that Chinese stocks are not only cheap but technically, you have the Shanghai through the 200-day [moving average] for the first time in over a year, you've got a lot of important technical factors that is their wind at the back," Seymour said on Monday's"ETF Edge."
The FXI ETF holds 50 of the largest Hong Kong-listed stocks, including PetroChina and the Bank of China. The
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