For those that debate Alibaba’s treatment as a tech company, consider this: If the comparison to eBay is relevant, and it is, remember that eBay is a member of the Technology Select Sector SPDR (NYSEArca: XLK) while Amazon resides in the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY).
With CHIQ now off the list of viable ETF avenues for Alibaba, investors are reminded that the most likely near-term ETF landing spots for the stock remain the Renaissance IPO ETF (NYSEArca: IPO), KraneShares CSI China Internet Fund (NasdaqGM: KWEB) and the KraneShares CSI China Five Year Plan ETF (NYSEArca: KFYP).
IPO can add Alibaba after its fifth trading day while KWEB and KFYP will make room for it after its eleventh trading day. The Powershares Golden Dragon Halter USX China Portfolio (NYSEArca: PGJ) could also hold the stock at a later date. [Alibaba Will Join This ETF]
CHIQ has returned 17.1% over the past two years.
Global X China Consumer ETF
