KraneShares KWEB brought over to London
China ETF specialist KraneShares is bringing its $1.3b China Internet ETF over to London. The KraneShares CSI China Internet ETF (KWEB) will track an index put together by CSI, the largest index provider in China, that focusses on Chinese internet companies listed overseas.
The index excludes hardware and most software providers and has a heavy leaning, as one might expect, towards the BAT – Baidu, Alibaba and Tencent. KraneShares says it has been one of the top performing China funds in the US (including mutual funds) the past five years, with an annual average performance of 18%.