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Shares of KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR - Get Free Report) were up 0.5% during mid-day trading on Wednesday. The company traded as high as $26.65 and last traded at $26.53. Approximately 9,085 shares traded hands during mid-day trading, an increase of 482% from the average daily volume of 1,561
The People's Bank of China (PBOC) appears on the precipice of making another cut to the “reserve requirement ratio” (RRR). Such a cut may boost the mainland economy, allowing banks to loan a bit more without keeping as much in reserve.
While China's economy continues to face some big picture headwinds, the country's infrastructure spending remains a big player in the global economy. Regionally, in particular, its government's One Belt One Road initiative looks to connect China overland to key areas including South and Southeast Asia, the Middle East, and Eastern Europe.
Why the infrastructure sector has shown resiliency even during times of market volatility. The case for alternative investments to help diversify your portfolio.
China's ambitious infrastructure plan can be packaged in ETF form with the KraneShares MSCI One Belt One Road Index ETF (OBOR). “China's Belt and Road Initiative (BRI), sometimes referred to as the New Silk Road, is one of the most ambitious infrastructure projects ever conceived,” a Council on Foreign Relations article explained.
Emerging market stocks continued their year-end rally to start 2021 buoyed by a wider rollout of COVID-19 vaccines as well as Joe Biden's victory in the U.S. presidential election.
Infrastructure will require substantial investments for the world to advance on lower carbon emissions targets and is well positioned for the growing interest in stakeholder capitalism.
Alongside the recent collapse in G7 bond yields, as the COVID-19 crisis has developed, Chinese government bond yields have backed up in recent months, reflecting PBOC caution in cutting interest rates.