Profile
Assets class:
EquityAssets under management:
$6 BAverage volume:
$18 MDomicile:
USExpense ratio:
0.69%Inception date:
31 July 2013Website:
http://kraneshares.comLast dividends:
27 December 2023Next dividends:
N/A
Top countries
Dividend yield TTM
KWEB Latest News
China risk has been compensated for with a cheap valuation of 0.6x PEG in the YE24-25 period. Consensus earnings revision point to 25% EPS growth. Consensus price targets indicate 30% upside potential.
2024 could be the year of awakening for the Chinese economy, with the government taking steps to reinvigorate it. Despite risks and depressed sentiment, KWEB has outperformed its peers and has an attractive valuation and growth potential. The Chinese e-commerce market is expected to grow for the first time in 3 years, by a robust 17% this year. A majority of KWEB's assets are deployed in e-commerce.
Josh Brown appears on CNBC's 'Halftime Report' to explain why he believes the Chinese internet ETF is his unconventional choice for 2024.
There is evidence suggesting that the 1% tax on share buybacks, introduced through the Inflation Reduction Act, decreased repurchase activity in the U.S. last year. Investors seeking areas of the market with strong buyback activity may want to explore China.
China stocks have seen a resurgence since January, surpassing the S&P 500 ETF, but they have been on a downward trend since early 2021. While KWEB shows limited momentum, its low PEG ratio indicates potential long-term value. However, due to its bearish chart and risky allocation, I recommend holding off on investing in the ETF until momentum picks up.
Many believe that Chinese internet stocks are undervalued compared to their U.S. counterparts, offering potentially higher growth rates at more appealing prices.
Media coverage of China's economic struggles may be overshadowing some bright spots worth discussing. While, the real estate situation in China has dampened its economy, recent positive news about Meituan (MPNGY) pushes back on that narrative.
As concerns over China's economic trajectory linger, there are signs that a gradual recovery may be underway. KraneShares CIO Brendan Ahern joins Yahoo Finance Live to discuss the outlook for the Chinese market.
Officials are aiming for a 5% increase in GDP. That's the same goal as last year, which they barely achieved.
The People's Bank of China (PBOC) has cut a key interest rate in a move aimed at boosting the overall economy. The cut to the 5-year Loan Prime Rate (LPR) was the largest on record for the LPR, as the bank looks set to boost the ailing property market.
What is KWEB ETF?
The fund will invest at least 80% of its net assets in instruments in its underlying index or in instruments that have economic characteristics similar to those in the underlying index. The index is designed to measure the equity market performance of investable publicly traded "China-based companies" whose primary business or businesses are in the Internet and Internet-related sectors, and are listed outside of Mainland China, as determined by the index provider. The fund is non-diversified.
What is KWEB assets class?
Assets class of KWEB ETF is 'Equity'
What is KWEB assets under management?
Assets under management of KWEB ETF is $6 B
What is KWEB average volume?
Average volume of KWEB ETF is $18 M
What is KWEB domicile?
Domicile of KWEB ETF is US
What is KWEB expense ratio?
Expense ratio of KWEB ETF is 0.69%
What is KWEB inception date?
Inception date of KWEB ETF is 31 July 2013
What is KWEB website?
Website of KWEB ETF is https://kraneshares.com/KWEB