“With China’s continued growth as a world leader in e-commerce, it may not come as a surprise that the top-performing China Region mutual fund or ETF for the trailing 5-year period is a technology fund,” Ivy McLemore, Managing Director of Guggenheim Investments, said in a note.

The rapid growth has propelled some of China’s name brands on to the world stage, with many in the U.S. and around the globe becoming familiarized with tech companies like Alibaba (NYSE: BABA), Tencent Holdings and Baidu (NasdaqGS: BIDU).

CQQQ’s portfolio contains a bevy of widely known tech names. Its top holdings include Tencent 10.8%, BABA 9.5%, Netease 7.4%, BIDU 7.1% and AAC Technologies 5.0%. While the China Tech ETF largely includes technology names, the fund also includes a number of e-commerce related names that could benefit from a rising middle-income consumer in the emerging market, especially as internet infrastructure expands and users rely on digital devices to meet many of their needs.

The short-term political risks may also be abating. Traders previously worried about President Donald Trump taking a firm stance on trade policy with China may also feel at ease after the U.S. President said that he became quick friends with Chinese President Xi Jinping during their meeting last week. Moreover, it is unlikely the U.S. will antagonize trade relations with China as the two work together to handle the bigger problem of North Korea.