Bolstered by strong showings by Amazon.com, Inc. (NASDAQ: AMZN) and Facebook Inc (NASDAQ: FB), U.S.-focused Internet exchange traded funds are among the top-performing industry funds this years.
The groups marquee names, the First Trust Dow Jones Internet Index Fund (NYSE: FDN) and the PowerShares NASDAQ Internet Portfolio (NASDAQ: PNQI), are up an average of 16.1 percent this year, roughly double the returns offered by the Nasdaq Composite.
Things have not been as spectacular for China Internet ETFs. For example, the KraneShares CSI China Internet Fund (NASDAQ: KWEB)'s nearly 11 percent year-to-date gain is nice, but it pales in comparison to the returns offered by the aforementioned U.S. rivals FDN and PNQI. That does not mean investors should write off KWEB.
A Closer Look
KWEB, which recently celebrated its second anniversary, has developed a cult following in its two years of trading; China has more Internet ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5743496/a-closer-look-at-chinas-internet-etf alt=A Closer Look At China's Internet ETF>Full story available on Benzinga.com
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