These days, finding exchange traded funds with significant China exposure, excluding inverse funds, that are shining is a taxing endeavor. Looking for “less bad” or “potential rebound” candidates is easier work and could yield some rewarding trading ideas.
The KraneShares CSI China Internet Fund (NASDAQ: KWEB) fits in both of those categories. Down 6.6 percent year-to-date, KWEB is sporting a loss that is less than half that of the iShares China Large-Cap ETF (NYSE: FXI), the largest China ETF trading in the United States. Additionally, KWEB's loss is also about half that of some of the noteworthy A-shares ETFs.
KWEB's relative temerity in the face of tumbling Chinese equities is made all the more surprising when remembering this is one of the so-called Alibaba Group Holding Ltd (NYSE: BABA) ETFs. In fact, KWEB was one of the first ETFs to add shares ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5803809/why-the-china-internet-etf-has-endured-alibabas-tumble alt=Why The China Internet ETF Has Endured Alibaba's Tumble>Full story available on Benzinga.com
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