Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

Trackinsight: Chinese KWEB ETF is climbing out of its hole in October

10/20/2021 | 10:00am EST

KraneShares CSI China Internet ETF (KWEB), one of the most popular ETFs providing exposure to Chinese technology shares gained +4.23% on Tuesday.

KraneShares CSI China Internet ETF (KWEB), one of the most popular ETFs providing exposure to Chinese technology shares gained +4.23% on Tuesday, lifted by Alibaba’s +6.1% surge. Shares of Chinese e-commerce giant rose on the company’s launch of a new chip designed for servers in a bid to boost its cloud computing capabilities.

KWEB, which provides a 10% exposure to Alibaba, invests in publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors, including Tencent Holdings (10.84%), Meituan (9.09%), JD.com ADR (8.61%) and Pinduoduo Inc. ADR (7.39%).

Since inception on July 31st, 2013, the fund grew to $8.4 billion in assets under management and generated over +100% in returns. In 2021 however, the fund fell by -30% due to the Chinese government crackdown on technology shares, part of President Xi’s “Common prosperity” strategy to redistribute wealth among its citizens.

As KWEB recoup its losses in October (+11.94%), investors can join the climb and access a basket of some of the most promising Chinese tech companies.

 

Find and compare over 7,000 ETFs with our free tools:


ę www.trackinsight.com 2021
Latest news
05:52aECOWAS Commission Organizes Technical Committee Meeting On Ecowas Single Currency Programme
PU
05:52aECOWAS ECONOMIC COMMUNITY OF WEST AFRICAN STATES : Towards reopening all closed land borders in the region
PU
05:47aCVC picks Goldman Sachs for potential stock market listing - The Sunday Times
RE
05:42aCENTURY INTERNATIONAL : Change of Company's Website Address
PU
05:32aABN AMRO BANK N : Kassa reports on bank helpdesk fraud
PU
05:30aVingroup plans U.S. IPO for automaking arm in late 2022
RE
05:19aGoldman Sachs and the International Finance Forum Launch Green Finance Working Group
PR
05:12aVingroup plans U.S. IPO for automaking arm in late 2022
RE
05:12aPM inaugurates & lays the foundation stone of various projects worth around Rs 18,000 crore in Dehradun
PU
05:12aAfricans Committed with their Own Development
PU
Latest news