IMS Doubles Down on Asia ETF, Signaling Growth Potential

IMS Investment Management Services significantly increased their stake in the iShares MSCI All Country Asia ex Japan ETF (AAXJ), now holding 112.7 million dollars worth, making it their fourth-largest holding. This move reflects their confidence in Asias growth potential, driven by Indias consumer boom, Taiwan and Koreas chip dominance, and Chinas future prospects. The ETF provides broad access to big and mid-cap stocks across Asia, excluding Japan, and has outperformed the S&P 500 by 18 points in the last year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9801ff472e0e6708