Invesco China Technology ETF

CQQQ

Market cap $3.09B

China's record $1.19T trade surplus amid tariffs puts China ETFs like MCHI in focus, as exports pivot beyond the US and high-tech shipments surge.

China tech stocks spent much of 2024 and early 2025 under regulatory anxiety, trade tensions, and economic slowdown fears.

When it comes to creating the Mount Rushmore of exchange-traded funds (ETFs), the Invesco QQQ ETF (QQQ) has to be in the conversation. Since 1999, the fund has been the go-to option when it comes to getting Nasdaq 100 exposure all within the confines of a single fund.

Easing tensions between China and the U.S. may be supportive of markets. Still uncertainty amid plans for Trump to visit China in 2026.

U.S. tech equities driven by the artificial intelligence (AI) theme have been a prime catalyst for market gains this year. Have valuations exceeded their underlying fundamentals?

It's been a good year for international equity ETFs. As a category, broad exposure funds tapping into both developed and emerging market equities have delivered outsized gains relative to U.S. markets this year, as well as much sought portfolio diversification.

Fearing an AI bubble? Rotate into AI-fueled ETF areas like XSW, CQQQ and BOTZ as software, China tech and robotics may still offer gains, per Amundi?

China's GDP slows to 4.8%, raising hopes of policy easing. Likely rate cuts may drive ETFs like KWEB, CQQQ, FXI & MCHI in the coming months.

Global market leadership may be shifting again as trade tensions escalate, the U.S. dollar trades at multi-year lows, and gold at all-time highs. This brings back for the second time this year the quest for the best international ETFs. The most recent global outlook from the IMF points to ongoing strengths in emerging markets and developing economies vs. the U.S. and other advanced economies in 2026.

Invesco China Technology ETF is under pressure due to US-China tech tensions, but its holdings may not be the real losers. CQQQ focuses on large-cap Chinese tech, with a growth profile and higher valuations than the MSCI China average. But CQQQ might not be the real loser in this trade conflict, and this makes it interesting to analyze the potential price bottoms.