|Bid||46.92 x 1400|
|Ask||47.99 x 900|
|Day's Range||46.84 - 47.16|
|52 Week Range||36.03 - 49.69|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||24.71%|
|Beta (3Y Monthly)||1.82|
|Expense Ratio (net)||0.76%|
Chinese e-commerce powerhouse Alibaba set a sales record on “Singles Day,” which is a massive 24-hour shopping event. It’s a play worth noting as the second largest economy looks to wean itself from dependence on the U.S. The topic of technology has been a hot button topic during the U.S.-China trade war. The “Singles Day” event last year took in more sales than any single U.S. event, including Black Friday and Cyber Monday.
Investors seeking to tap Singles' Day benefits in a diversified way should focus on the following four ETFs that provide substantial exposure to the Chinese e-commerce segment.
Chinese technology-related ETFs led the charge on Thursday after Internet giant Baidu (NasdaqGS: BIDU) revealed better-than-expected third quarter results and the U.S. and China were moving toward reconciliation. ...
KraneShares, the exchange traded funds issuer behind a line of popular China ETFs, including the KraneShares CSI China Internet ETF (NYSE: KWEB ), is joining forces with Dorsey Wright, the proprietor of ...
The Chinese technology sector has fallen victim to the protracted U.S.-China trade war, but as progress is made, this downtrodden tech segment along with related exchange traded funds could be an opportunity for investors. Invesco’s chief global market strategist Kristina Hooper argued that now is the time to buy Chinese technology stocks, adding that China has the most to gain from trade negotiations and may even emerge from the war as a winner, CNBC reports. “This could be a scenario where China is actually able to stimulate its economy enough to ride out this war,” Hooper told CNBC.
NEW YORK , Oct. 23, 2019 /PRNewswire/ -- Krane Funds Advisors, LLC, ("KraneShares"), a leading provider of China -focused ETFs, has partnered with acclaimed technical analysis and research provider, ...
The who’s who of technology were nowhere to be found at one of the biggest stages when it comes to China internet tech as Google, Facebook and Apple were no-shows amid the U.S.-China trade war, which features key issues like tech. “Many big technology names from the United States stayed away but some smaller American firms showed up for China’s main internet conference at the weekend, as the trade war between Beijing and Washington continues to expand into a technology conflict,” an article in the South China Morning Post said. Trade wars have been a major market mover for Chinese equities and if investors can look past the news headlines to zero in on value, China-focused ETFs like the Direxion Daily CSI China Internet Index Bull 2X Shares (NYSEArca: CWEB) could be a double-down play as the shift from U.S. equities becomes more apparent heading deeper into the late market cycle.
While the Securities and Exchange Commission (SEC) is still keeping a cryptocurrency-based exchange-traded fund (ETF) from debuting on a major U.S. exchange, over 7,000 miles away, China is looking to launch its own global cryptocurrency.
While the Securities and Exchange Commission (SEC) is still keeping a cryptocurrency-based exchange-traded fund (ETF) from debuting on a major U.S. exchange, over 7,000 miles away, China is looking to launch its own global cryptocurrency. According to a CNBC report, the second largest economy “announced earlier this year that it was working on a digital currency backed by the yuan, reportedly inspired by Facebook’s announcement. “China has been incredibly strategic about how they think about cryptocurrency,” said Brad Garlinghouse, CEO of Ripple.
According to the latest International Monetary Fund (IMF) projections, China’s GDP output will fall 2% percent in the near term due to the latest trade war with the United States and 1 percent in the long term. “To rejuvenate growth policymakers must undo the trade barriers put in place with durable agreements, rein in geopolitical tensions and reduce domestic policy uncertainty,” said IMF Chief Economist Gita Gopinath. “Further escalation of trade tensions and associated increases in policy uncertainty could weaken growth relative to the baseline projection.” New IMF Chief Says Global Economy Is in a Synchronized Slowdown China Tech to the Rescue?
With a U.S.-China trade war still weighing in the balance for the capital markets, investors can forge on irrespective of trade negotiation results with China technology-focused exchange-traded funds (ETFs). Created in 2009 by the Shenzhen Stock Exchange, the ChiNext Board has been referred to as “China’s Nasdaq” for the innovative and growth-oriented Chinese firms it has attracted over the last decade. FTSE Russell compared performance for this Index, which was launched in 2017 as a way for global investors to track the performance of fast-growing ChiNext stocks listed on the Shenzhen Stock Exchange, relative to the FTSE China A Index and the FTSE China Index.
Exchange-traded funds that track Chinese stocks erased gains to turn sharply lower Friday after Bloomberg reported that Trump administration officials are discussing ways to limit U.S. portfolio inflows into the country. The iShares MSCI China ETF was down 1.2%, while the KraneShares CSI China Internet ETF was down more than 2%. The SPDR S&P China ETF was down 1.8%. Meanwhile, American depository receipts for Alibaba Group Holding Ltd. dropped 3.7%.
NEW YORK, Aug. 22, 2019 /PRNewswire/ -- Krane Funds Advisors, LLC, ("KraneShares"), a global asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, announced the launch of the Krane Platform, a central hub for Krane's growing service offering. Daily posts cover top news and events that moved China's capital markets the night before. This daily recap provides color on China's equity, fixed income, and currency markets performance.
China country-specific ETFs strengthened Monday as Beijing revealed measures to bolster its economy and after President Donald Trump said the two countries were talking again. China tech-heavy ETFs were ...
The ongoing trade war saga between the U.S. and China will resume in Washington on September after both sides entered into recent discussions. Investors who want to get in on the action with Chinese equities ...
We take a look at some Chinese ETFs in the wake of increasing number of U.S. manufacturers relocating their production units to other Southeast Asian countries.
In two weeks, China will debut its Nasdaq-inspired board for technology companies developed domestically, which could put Chinese technology exchange-traded funds (ETFs) in play. U.S.-China trade negotiations may appear to be at a standstill, but that doesn't mean investors should sour their taste for Chinese equities, according to Lewis Kaufman, a portfolio manager at Artisan Partners. U.S. President Donald Trump and Chinese President Xi Jinping recently met at the G-20 summit in Japan, agreeing to hold back on further tariffs until the two largest economies can iron out a trade deal.
U.S.-China trade negotiations may appear to be at a standstill, but that doesn't mean investors should sour their taste for Chinese equities, according to Lewis Kaufman, a portfolio manager at Artisan Partners. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging markets,” said Kaufman. It’s very difficult to access domestic demand through the vehicles we would wish to use in so many emerging-market countries,” Kaufman added.