News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

Trackinsight: Chinese Internet ETF aiming for another blockbuster year

01/24/2022 | 10:15am EDT

The KraneShares CSI China Internet ETF has been roaring ahead of the year of the Tiger — amassing over $900 million over the last three weeks.

The KraneShares CSI China Internet ETF (KWEB) has been roaring ahead of the year of the Tiger ? amassing over $900 million over the last three weeks. KWEB underlying holdings' valuations are looking attractive to investors betting on the retreat of China's crackdown on its technology sector.

Last year, Beijing unleashed a flurry of new regulations targeting internet-oriented tech companies, private education firms and overseas listings for Chinese companies, disrupting global markets and triggering huge losses for investors. The government has cited concerns over data privacy, national security and the tech sector?s expanding influence on society as reasons for tighter oversight. The clampdown hammered China Digitalization ETFs, including KWEB ? which ended the year -52% deep in the red zone.

European investors can gain exposure to the China Digitalization theme via KWEB's European doppelganger ? the KraneShares CSI China Internet UCITS ETF. It has a total expense ratio of 0.75% and trades on the London Stock Exchange (KWEB/KWBE/KWBP), Euronext Amsterdam (KWEB), and Borsa Italiana (KWEB). As of January 21st, 2022, the fund's biggest names include Tencent Holding (10.6%), Meituan (8.22%), Baidu ADR (6.45%), Alibaba Group ADR (5.72%) and Pinduoduo ADR (4.55%).


Find and compare over 8,000 ETFs with our free tools:? 

Interested in seeing lists of top performing ETFs? Check out our new Investing Guides:

© 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -1.03% 86.79 Delayed Quote.-26.94%
BAIDU, INC. -0.69% 124.47 Delayed Quote.-16.35%
LONDON BRENT OIL 0.94% 112.54 Delayed Quote.42.93%
LONDON STOCK EXCHANGE PLC 1.09% 7244 Delayed Quote.4.91%
MEITUAN INC. 4.53% 173 Delayed Quote.-23.25%
PINDUODUO INC. -2.73% 40.9 Delayed Quote.-29.85%
SILVER -0.73% 21.73 Delayed Quote.-6.01%
TENCENT HOLDINGS LIMITED 3.53% 352.2 Delayed Quote.-22.90%
WTI 1.22% 110.515 Delayed Quote.43.34%
Latest news
02:09aBoeing's Starliner capsule docks with space station in uncrewed flight test
02:01aChanges to Coor's management
01:54aRussia advances in Ukraine's Donbas as Mariupol steelworks siege ends
01:53aUk - if russia continues to lose uavs at current rate, russian f…
01:52aUk military intelligence - russia experiencing shortage of uavs…
01:49aUk military intelligence says russia is likely experiencing a sh…
01:46aShanghai inches towards COVID lockdown exit, Beijing plays defence
01:09aRussia stops Finland gas flows over payments dispute
01:06aUKRAINE AND RUSSIA : What you need to know right now
12:39aRussia stops Finland gas flows over payments dispute
Latest news