In an interview with ETF Trends from the Morningstar Conference in Chicago earlier this week, Renaissance Capital Principal Kathleen Smith said based on Alibaba’s expected market value at Friday’s open, it is likely Jack Ma’s company makes a big entrance into IPO, immediately becoming the ETF’s largest position. [Alibaba Puts This ETF in Focus]
The KraneShares CSI China Internet Fund (NasdaqGM: KWEB) has already traded double its average daily share amount today. KWEB will add Alibaba after the stock’s eleventh trading and it is reasonable to expect the stock will be one of the ETF’s top three or four holdings.
Over the past week, the three ETFs mentioned here added a combined $13.5 million in new assets.
Renaissance IPO ETF
