The Guggenheim China Technology ETF (ticker: CQQQ) represents my streamlined strategy for investing in Chinese technology. Over the past few years, keeping up with the constant emergence of new "______ of China" companies—like NIO, billed as the Tesla of China, Alibaba as Amazon's counterpart, and iQiyi as the Netflix equivalent—has proven to be quite taxing. My investment journey in these up-and-coming Chinese tech stocks has seen its fair share of hits and, admittedly, more misses, leaving me weary of the speculative nature inherent in these investments. The challenge of discerning successful ventures in China is exacerbated by the considerable hype surrounding their burgeoning startup ecosystem.
Although I hold reservations about the practices of the Chinese government and its business ethics, it's hard to overlook China's accelerating influence on the future global economy. Chinese technology companies are expanding rapidly, and the CQQQ ETF offers exposure to these firms in a manner akin to how the QQQ tracks leading U.S. tech companies. As the world's technological battlegrounds evolve, it's likely that firms from Shenzhen could emerge as formidable challengers to Silicon Valley's dominance.
CQQQ is a long term buy and hold.
