KraneShares (KWEB), a $4.9 billion ETF that invests in Chinese tech companies, slumped more than 11% Monday. Over the last three days the ETF has falled 28%.
ETF Newz Says:
This year's loss is more than 42%, taking gains including dividends, since it started trading nine years ago. The new wave of Coronavirus and the recent pressure from the SEC on Chinese stocks is really crushing this ETF.