|Bid||0.00 x 3000|
|Ask||0.00 x 4000|
|Day's Range||43.80 - 44.57|
|52 Week Range||36.03 - 68.00|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.64|
|Expense Ratio (net)||0.70%|
After stumbling last year, the KraneShares CSI China Internet ETF (NYSEArca: KWEB), one of the first exchange traded funds to focus on Internet stocks in an emerging market, is roaring back this year. ...
Now everyone is going to be a winner, according to the smiley chatter coming out of the get-together of Chinese Vice Premier Liu He with Donald J. Trump. The vice premier and his team have been more constructive than Nancy Pelosi, that's for sure. "We're trying to work out a trade deal with China.
Shares of Chinese internet stocks are trading higher in Tuesday's session, after the Chinese government said it would cut taxes and ramp up infrastructure investments in an effort to stimulate the economy. Shares of Qutoutiao Inc. , a Chinese viral-content site, are up more than 5% in morning trading, and shares of Bilibili Inc. , which runs a video-sharing platform, are up 3.2%. Baidu Inc. shares are also heading higher, up nearly 3%. Alibaba Group Holding Ltd. shares are up 1.8% in Tuesday trading, a day after the company's president, Michael Evans, said at a retail conference that he thinks the future of China "looks very good, notwithstanding some troubling headwinds." The KraneShares China Internet ETF is also up 1.8% Tuesday. The ETF has dropped 7.8% over the the past three months, as the S&P 500 has fallen 5.5%.
On Jan 4, People's Bank of China (PBOC), cut the reserve requirement ratio (RRR) by 100 bps or 1 percentage point to reignite growth in the world's second-largest economy.
China-related exchange traded funds climb after Beijing announced a new round of economic stimulus measures ahead of trade talks with Washington D.C. Among China-related ETFs, technology-heavy strategies were leading the charge Friday, with the Invesco Golden Dragon China ETF (PGJ) up 6.4%, KraneShares CSI China Internet Fund (KWEB) 6.2% higher and Invesco China Technology ETF (CQQQ) up 5.4%. Chinese premier Li Keqiang urged banks to increase lending to the private sector while the People’s Bank of China cut a key reserve ratio to encourage lending from commercial banks, the Financial Times reports.
Various fears from interest rates to slowing economic growth, concerns about the FAANG stocks and slumping oil prices have all played a role. Arguably, however, the central concern has been escalations in the so-called trade war between China and the United States. This is causing a great deal of concern for the companies that are most exposed to China or international trade.
Beaumont Capital Management aims to make investors comfortable by helping capture upside gains and protect against steep potential losses.
DUBLIN , Nov. 20, 2018 /PRNewswire/ -- Krane Funds Advisors, LLC, (" KraneShares "), a global asset management firm known for its China -focused KraneShares exchange-traded funds (ETFs) and innovative ...
The U.S. and China are engaged in an ongoing trade spat, but that is not hindering the rapid growth of China's Internet sector. The KraneShares CSI China Internet ETF (KWEB) is down 22.44% year-to-date, confirming that the king of China Internet exchange traded funds is following other emerging markets assets lower this year, but fundamental data paint a more positive picture. The gap between Chinese Internet stocks and their U.S. equivalents this year is stark and that could be a buying a opportunity for investors considering China.
China's latest GDP numbers may have slowed to 6.5% year-over-year in the third quarter, missing expectations of 6.6%, but the Direxion Daily FTSE China Bull 3X ETF (YINN) is up 4.56%. The bulls overtaking the bears was evident in the biggest China ETFs based on total assets--iShares China Large-Cap ETF (NYSEArca: FXI) was up 2.07%, iShares MSCI China ETF (MCHI) rose 1.48% and KraneShares CSI China Internet ETF (KWEB) gained slightly at 0.10% as of 2:45 p.m. ET. Chinese regulators have already sought measures to defuse risks related to shares used as collateral for loans, while the recent declines in the country's stock market have created a good buying opportunity, Liu a member of the politburo of the ruling Communist Party of China, told the People's Daily - the party mouthpiece.
As a result, top Chinese officials from the People's Bank of China issued public statements to help quell the fear in the markets. "The recent stock market volatility is primarily the result of investor expectations and emotions," said the Chairman of the People's Bank of China, Yi Gang. China Securities Regulatory Commission Chairman Liu Shiyu issued a separate statement to help re-instill confidence in the capital markets.