ETF Trends publisher Tom Lydon discussed KraneShares CSI China Internet ETF (KWEB) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
KWEB is one of the best performing ETFs of the year – up 67 percent year-to-date.
This has been a great year for growth stocks, including technology companies. Many of these Chinese companies have diversified their businesses to capture greater growth potential.
Many China tech companies have started out as social media firms that expanded through advertising, but they would also diverse into other areas like finance to help provide better diversification benefits, which have in turned helped greater investments.
KWEB tracks the CSI Overseas China Internet Index, comprised of Chinese companies focused on internet and internet-related technologies
Top holdings include Tencent Holdings 11.0%, Alibaba Group 9.9%, Baidu 7.8%, jd.com 7.2%, ctrip.com 5.9%, 58.com 4.3%, Tal Education 4.1%, Autohome 4.1%, Netease 4.0% and Sina 4.0%.