KWEB attracts strong inflow from European and UK investors, as US-listing becomes the largest China ETF
The KraneShares CSI China Internet UCITS ETF (KWEB) recently surpassed $700 million in assets under management1. The fund has seen strong inflows as European, and UK investors look to capitalize on deep-valuation discounts in China’s internet sector following this summer’s rollout of new regulations in China.
Within Europe and the UK, KWEB is listed on the London, Euronext Amsterdam, and Borsa Italiana stock exchanges. The fund is available in USD, EURO, and GBP share classes.
|London Stock Exchange||KWEB LN||USD|
|London Stock Exchange||KWBE LN||EUR|
|London Stock Exchange||KWBP LN||GBP|
|Euronext Amsterdam||KWEB NA||USD|
|Borsa Italiana||KWEB IM||EUR|
The growth in KWEB’s UCITS listing follows similar inflows from KWEB US. Over the past six weeks, KWEB US has nearly doubled in size, taking in over $4 billion inflows1. KWEB’s US-listing is now the largest China ETF outside of mainland China with assets under management over $8 billion1.
“China is home to the world’s largest consumer market in physical goods2, E-Commerce market3, and internet population4,” said Dr. Xiaolin Chen, Head of International at KraneShares. “We believe these trends are here to stay and are continuing to grow. Investors can access leading companies benefitting from this growth through KWEB.”
Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Our suite of China-focused ETFs provides investors with solutions to capture China’s importance as an essential element of a well-designed investment portfolio. We strive to deliver innovative, first-to-market strategies developed based on our strong partnerships and deep investing knowledge. We help investors stay current on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC, is a signatory of the United Nations-supported Principles for Responsible Investing (UN PRI). The firm is majority-owned by China International Capital Corporation (CICC).
In 2018, KraneShares established operations in London to better deliver its renowned China-focused ETFs to UK/European investors. In addition to launching Europe-specific versions of its most popular US-listed funds, KraneShares also develops strategies tailored to meet the specific needs of its clients in the region.
1. Data from Bloomberg, as of 9/8/2021.
2. China Banking News, “China Emerges as World’s Biggest Consumer Market for Real Goods”, Dec 22, 2020.
3. CGTN, “China’s e-commerce market: Benchmark for global retailing”, Feb 18, 2021.
4. Lai Lin Thomala, “Number of internet users in China 2015-2026”, Aug 2021, www.statista.com.