Yesterday we covered the carnage that was Chinese equities on Monday’s session where FXI (iShares China Large-Cap, Expense Ratio 0.74%) was slammed right down to its 50 day MA before a subsequent bounce, putting it well off of 52-week highs that were registered just four trading sessions ago.
From Grant Wasylik: Internet companies made up 0% of the S&P 500 in 1996. Today, they account for close to 10% of the S&P 500.
ETF issuer KraneShares is selling a majority stake in its firm to a Chinese investment bank, capping off an impressive run bringing several China-focused ETFs to the U.S. marketplace.
NASDAQ:KWEB, NYSEARCA:XSD, NYSEARCA:FAN
NASDAQ:KWEB, NYSEARCA:CQQQ, NASDAQ:QQQC
Krane Funds Advisors LLC, a provider of China-focused Exchange Traded Funds (ETFs), today announced the launch on the NASDAQ of KraneShares CSI China Internet ETF (NASDAQ:KWEB), a new ETF that provides exposure to Chinese