Why buy EWH? Few reasons:
- High likelihood that Fed cuts on Wednesday.
- Since Hong Kong Dollar is pegged to US dollar, Hong Kong will follow US monetary policy. i.e. rates in Hong Kong will go down, whether HK authorities want or not.
- Chinese Olympics next year - rally in China should continue till that time.
- If China allows its citizens to invest in HK, HK will boom as it has been for the last 2 months.