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Amid lingering stress in China's construction and property sectors, broader benchmarks of Chinese equities are in the red on a year-to-date basis. Fortunately, there are signs of life.
China stocks have been a source of frustration for investors this year. But there are expectations that situation will improve in 2024.
China's retail sector showed signs of improvement during the month of October, giving bullish investors optimism that the country is working out its economic growth woes. “Retail sales grew by 7.6% last month from a year ago, above the 7% growth forecast by a Reuters poll,” reported CNBC.
Stronger-than-expected consumer spending in China could hint at early signs of a recovery as the country looks to jump-start its economy. China is in the midst of dealing with slow economic growth due to a confluence of issues, including the lingering effects of a real estate slowdown.
Despite its current challenges with addressing economic growth, China's consumers continued to spend during the month of August and in the long-term buying trends should help shape opportunities in exchange traded funds (ETFs) like the KraneShares CICC China Consumer Leaders Index ETF (KBUY). August was a comeback for consumer spending after a lukewarm July reading.
Tensions between China and the U.S. continue to take the media mainstage this year in an environment of continued geopolitical risk. Despite muted flows into China-focused funds this year, the country maintains its position as the most researched within EM countries by advisors on the VettaFi platform.
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