U.S. Markets closed

Rebounding China Internet ETF May Have More Room to Run

Todd Shriber

It is hard to ignore an obvious theme among emerging markets stocks this year. Weakness is Chinese equities is dragging on major developing world benchmarks, such as the MSCI Emerging Markets Index. Last year, the KraneShares CSI China Internet ETF ( KWEB), widely viewed as the benchmark exchange-traded fund (ETF) focusing on Chinese internet stocks, returned a staggering 69.70% while the domestically focused First Trust Dow Jones Internet ETF ( FDN) returned a paltry-by-comparison 37.60%.