KFYP is not a pure play Internet ETF in the same vein as KWEB, but that does not mean the former skimps on Chinese web names. The opposite is true as technology and consumer discretionary names combine for over 54% of the ETF’s sector weight while Tencent Holdings and Baidu (NasdaqGS: BIDU) combine for a third of the fund’s weight.
KWEB and KFYP share five of the same top-10 holdings, though with different allocations. Also noteworthy is what KFYP does not have exposure to: Chinese banks. The ETF does not devote any of its weight to the financial services sector.
Although KFYP, which charges 0.68% per year, is not heavily traded, the fund rarely trades at excessive premiums or discounts to its net asset value. Most of the premiums or discounts to NAV seen by KFYP are no more than 0.5%, according to issuer data.
KFYP Sector Weights