Investors flooded KraneShares CSI China Internet Fund (KWEB) last week as it saw inflows of over $500M. The recent surge comes as investors are becoming more hopeful for a rebound from KWEB which has fallen -74.6% since Feb. 17, 2021. With that said, KWEB has still seen inflows of over 1.88B in 2022. The top three holding for KWEB are: Tencent Holdings (TCEHY) -25%, Alibaba Group (BABA) -27.5%, and JD.com (JD) -20% totaling 29.57% of KWEBs holdings.
ETF Newz Says:
The price drop of KWEB comes from Covid restrictions, supply chain problems, and slower overall growth.