Opportunities in Chinese Internet Stocks
Morningstar— Chinese technology stocks have been on a tear this year, but Morningstar analyst Chelsey Tam thinks there are still promising investment opportunities in the sector. Tam highlights the strong performance of the KraneShares CSI China Internet (KWEB) ETF, up over 40% year-to-date. Some of this performance can be attributed to lifestyle changes amid Covid, which have helped spur increased demand and accelerated innovation across China’s internet sector.
he performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. KWEB’s gross expense ratio is 0.75%. Top 10 holdings for KWEBcan be found here.
Index returns are for illustrative purposes only and do not represent actual Fund performance. Index returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
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