Ahern explains that KFYP provides U.S. investors with a “Chinese person’s perspective of where the country is going.”
Moreover, the provider launched the KraneShares CSI China Internet ETF (NasdaqGM: KWEB), which tracks Chinese Internet and Internet-related companies. [KraneShares Adds China Internet-Themed ETF]
Top holdings include Baidu 10%, Tencent Holdings 9.7%, Qiho 360 Technology 8.4%, Netease 7.4% and Ctrip 7.0%.
“There are 180 million broad band users and 464 million mobile users in China,” Ahern explained. “There is still room to grow.”
The KraneShares internet ETF, though, will be going up against two other China tech sector ETFs, the Guggenheim China Technology ETF (NYSEArca: CQQQ) and the Global X China Technology ETF (NYSEArca: QQQC).
For more information on China, visit our China category.
Max Chen contributed to this article.