The ETF’s sector sub-sector exposure includes internet software & services 65.2%, internet & direct marketing 21.2%, software 5.9%, diversified consumer services 4.9%, hotels restaurants & leisure 1.7% and professional services 1.1%.
Top holdings include well-known Chinese names like Alibaba Group Holding 12.1%, Tencent Holding 10.2%, JD.com 8.2%, Baidu 8.0% and NetEase 7.9%.
CWEB will likely act as the daily 2x version of the KraneShares CSI China Internet Fund (NasdaqGM: KWEB) as both ETFs track the same underlying index.
For more information on new fund products, visit our new ETFs category.