Exposure to US-China Trade

Exposure to US-China Trade
Components Performance/Risk
Period Return
111.0%
Return Rank
Strong
Risk Exposure
Above Average

Sea foam of breaking ocean waves accumulates on the shores…

Trade tensions between the US and China build up and roil the markets before breaking on the beach of awkward and temporary compromises, leaving behind a skeleton of unresolved issues

US business is obviously benefitting from access to China’s vast market, and interconnected supply chains, relying on the expertise of the contract manufacturers, supplying the technologies the world has come to expect from ‘made in China’ and turning the country into an export powerhouse

Our selection of companies has in common a deep commitment to China, either as supplier of technology or as exporter to US (and world-) markets

Conflicted interest will not be settled easily, and may never be… A fact the companies will confront in the not-so-distant future

Theme Components
Name
Ticker
Sector
Industry
Cur. Price
Mkt. Cap
Performance
Momentum
Risk Rank
Risk Contrib
 
Apple AAPL TechnologyComputer & Mobile Hardware340.975,006 B38.1% Weak Up Low Risk
Applied Materials AMAT TechnologySemiconductors – Lithography497.53395 B128.6% Weak Up Above Average
Lam Research Corporation LRCX TechnologySemiconductors – Lithography309.56387 B126.1% Neutral Above Average
Broadcom AVGO TechnologyDatacom, Telcom & Network Equipt354.731,682 B0.4% Neutral Average Risk
Cisco Systems CSCO TechnologyDatacom, Telcom & Network Equipt115.34456 B75.3% Neutral Below Average
Intel INTC TechnologySemiconductors - Broad Line101.35506 B172.3% Neutral High Risk
Texas Instruments TXN TechnologySemiconductors - Broad Line281.74256 B67.5% Weak Up Average Risk
IPG Photonics IPGP TechnologyOptics & Photonics76.053.2 B-8.6% Neutral High Risk
Microchip Technology MCHP TechnologySemiconductors - Signal Processing73.8340 B19.8% Neutral Above Average
Skyworks Solutions SWKS TechnologySemiconductors - Signal Processing74.7011 B8.1% Neutral Above Average
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