Indirect Alibaba ETF Plays Rise Ahead of IPO

As a result, investors on the mainland have taken to boosting shares of locally-listed Alibaba derivative plays, some of which reside in U.S.-listed A-shares ETFs.

Bloomberg published an article Monday, highlighting a group it dubbed the “Alibaba Seven,” or seven mainland-listed Chinese firms that have surged in anticipation of the Alibaba IPO due to their exposure and relationship to Jack Ma’s companies.

Those companies include Hundsun Technologies, China Shipping Container Lines, Suzhou Gold, Huayi Brothers Media. Althought that group accounts for just a fraction of the KraneShares Bosera MSCI China A-Shares ETF’s (NYSEArca: KBA) weight, that has been enough to propel KBA, the only A-shares benchmarked to an MSCI index, to a one-month gain of 3.1%.

WisdomTree Japan Hedged Tech Media & Telecom Fund

Tom Lydon’s clients own shares of QQQ.