KWEB constituents “boosted sales by 41 percent and earnings by 30 percent on average in the first quarter, compared with sales growth of 19 percent and 24 percent profit increase for U.S. web-focused companies,” Bloomberg reported citing KraneShares.
Despite its ascent, PGJ trades with a P/E of just under 26 and price-to-book ratio of 2.76 compared to 34.4 and 4.39 on FDN.
KraneShares CSI China Internet Fund
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Facebook.