KWEB which has been down 31.54% YTD has seen inflows this year of over 1 Billion Dollars. KWEB has pulled in greater than $1.4 billion in new assets YTD, KWEB is the second largest “China Equity” ETF in the U.S. marketplace behind the $6.1 billion MCHI (iShares MSCI China).
ETF Newz Says: Investors are looking outside the US, the bet here is that this ETF is overdue for a rebound. Latest reports out of China have many of these companies willing to produce documents that the SEC is requesting to verify, to avoid delisting. The ETF made a strategic move to changes its holding from Chinese ADR’s to the actual holdings of the stocks in China.