The Kraneshares China Internet ETF (KWEB) continues to slump. Over a 1 year period this ETF has dropped nearly 70%. Some of the larger holdings in the fund are Tencent – 11.25%, Alibaba 9.72%, JD.COM INC 7.94, BAIDU 7.25% and MEITUAN 6.65%.
ETF Newz Says:
At the start of the year, this appeared to be an ETF that people started seeing as a value play, but with the increased tensions and not knowing where China would sit in terms of Russia this ETF continues to struggle. There are also growing concerns about China ADRs being delisted by the SEC as these companies are currently not complying with documentation that the SEC wants to see.