That decision limits the number of ETFs Alibaba can join, but KWEB is not affected. The ETF remains positioned to be one of the first, perhaps no worse than the second, ETFs to add Alibaba after the IPO. [Limited ETF Options for Alibaba]
KWEB does not necessarily Alibaba to fuel further upside. The ETF is home to stocks such as JD.com (NasdaqGS: JD) and YY (NasdaqGS: YY), which have posted one-month gains of 40% and 21%, respectively.
KraneShares CSI China Internet Fund
ETF Trends editorial team contributed to this post.