Related: Doubling Down on China with ‘CWEB’ ETF
The $1.71 billion KWEB holds 45 stocks and follows the CSI Overseas China Internet Index. Earlier this year, China’s Internet population topped 800 million, or about half the country’s population, but more than double the amount of the overall U.S. population.
“Despite trade tensions and slowing GDP growth, the China internet sector still grew and looks to continue to expand both within China and internationally. KWEB’s diversified approach allows investors to gain exposure to these exciting names and the growth of the China internet sector as a whole, typically with less volatility than holding a single company’s stock,” according to KraneShares.
For more market trends, visit ETF Trends.