Keep pulling the thread on Perth Toll.
During the height of the COVID-19 pandemic, China's weighting in the MSCI Emerging Markets Index reached 41%.
China's one-child policy has caused the most significant demographic crisis in the world today.
Perth Toll believes China will likely not recover from its demographic crisis within our lifetimes.
Since 1995, China's stock market has produced a total return of approximately 100%, while the S&P 500's total return was 2,700% over the same period.
Perth Toll asserts that Chinese companies are compelled to prioritize state interests above shareholder or customer value.
The Chinese government used Tencent's WeChat application to provide data for its crackdown on dissidents and the Uyghur population.
The Freedom 100 EM Index ETF (FRDM) manages over $2 billion in assets.
The Freedom 100 EM Index ETF (FRDM) has outperformed the S&P 500 over one, two, and three-year periods.
In a prior year referred to as 2025 (likely a misstatement for a past year), the Freedom 100 EM Index ETF (FRDM) was up 67% while the S&P 500 was up almost 18%.
Prior to the war in Ukraine, China, Russia, and Saudi Arabia were all among the top 10 weighted countries in most emerging market indices.
China's current weighting in the MSCI Emerging Markets Index is close to 30%.
The Life and Liberty Indexes use the Human Freedom Index from the Cato Institute and the Fraser Institute as the primary data source for its methodology.