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“Over the last several years, as yields on high-quality issues have remained low, massive amounts of money have plowed into the more speculative areas of credit: high yield, bank loans and hybrid securities,” said Gary Ribe, Chief Investing Officer at MACRO Consulting Group. “There is more yield and less interest rate risk in these areas, but more economic, credit and liquidity risk.”

As of 1:00 pm Eastern Time Friday, KCCB was down 0.47 percent.

For more trends in Chinese ETF investments, click here.