KraneShares CSI China Internet ETF (KWEB) is the only ETF on the market that offers pureplay exposure to Chinese software and information technology stocks that are China’s answer to U.S. firms like Amazon and Facebook.
KraneShares specializes in Chinese markets, and is majority owned by a leading Chinese investment bank. Their lineup includes other thematic funds targeting narrow slices of the Chinese economy.
KWEB’s portfolio is dominated by well-known large-cap stocks like Alibaba and Tencent, but also owns a sizable chunk of mid- and small-cap firms that many U.S. investors might not recognize. KWEB is the only ETF of its type, which allows it to command a higher fee of 76 basis points, which isn’t an unreasonable premium to pay for targeted exposure to Chinese internet firms.
One foible to keep in mind is that KWEB only invests in overseas-listed shares of Chinese firms, primarily share classes listed in the U.S. and Hong Kong, which means it misses out on a slice of the mainland China market. For the past few years, index giant MSCI Inc. has been slowly and steadily adding slices of mainland China A-shares to its global benchmarks, which has given U.S. investors easier access to companies listed in Shanghai and Shenzhen.
For broader exposure to Chinese stocks, investors might consider KraneShares MSCI All China Index ETF (KALL), Deutsche Bank’s Ztrackers Harvest CSI 300 China A-Shares ETF (ASHR) or iShares MSCI China ETF (MCHI). he KraneShares Bosera MSCI China A Share ETF (KBA) was reconfigured in December 2017 to invest in an index of mainland Chinese stocks added to MSCI’s popular emerging markets indices.
| Segment | Equity: China Internet |
| Category | Sector |
| Focus | Theme |
| Niche | Internet |
| Strategy | Vanilla |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| KWEB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 33 | 205 | 10 |
| % of Assets in Top 10 | 63.52% | 45.95% | 90.88% |
| % of Assets in Top 15 | 79.65% | 55.03% | 94.91% |
| % of Assets in Top 50 | 100.01% | 80.20% | 100.00% |
| KWEB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 66.45% | 61.65% | 16.61% |
| Mid (>2.7B) | 29.05% | 29.67% | 7.26% |
| Small (>600M) | 4.05% | 4.31% | 1.01% |
| Micro (<600M) | 0.27% | 0.19% | 0.07% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| KWEB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.04 | $ 0.44 | $ 0.11 |
| Dividend Date | 2023-12-27 | N/A | N/A |
| Annual Dividend Rate | $ 0.46 | $ 0.85 | $ 1.82 |
| Annual Dividend Yield | 1.46% | 4.16% | 13.79% |
View charts featuring KWEB price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 408.21 M 1 Month Net Flows: 225.85 M 3 Month Net Flows: -643 M 6 Month Net Flows: -848.82 M 1 Year Net Flows: -745.07 M 3 Year Net Flows: 2.3 B 5 Year Net Flows: 8.83 B 10 Year Net Flows: 10.56 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 894.29 MThe adjacent table gives investors an individual Realtime Rating for KWEB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the China Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| KWEB |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 49.40% | 37.05% | 19.14% |
| 3 Month Return | 41.62% | 34.26% | 17.12% |
| YTD Return | 42.15% | 30.91% | 11.78% |
| 1 Year Return | 45.77% | 29.07% | 14.75% |
| 3 Year Return | -3.28% | -5.13% | -0.82% |
| 5 Year Return | 0.44% | 3.01% | 0.11% |
The following charts reflect the geographic spread of KWEB's underlying holdings.
| Region | Percentage |
|---|---|
| Asia Pacific | 67.29% |
| North, Central and South America | 32.54% |
| Other | 0.18% |
| Country | Percentage |
|---|---|
| China | 89.0% |
| Ireland | 6.45% |
| Hong Kong | 3.54% |
| Singapore | 0.84% |
| Other | 0.18% |
The following charts reflect the allocation of KWEB's underlying holdings.
| Sector | Percentage |
|---|---|
| Technology Services | 42.15% |
| Retail Trade | 28.17% |
| Transportation | 8.99% |
| Finance | 7.7% |
| Consumer Services | 6.87% |
| Commercial Services | 3.1% |
| Health Services | 2.85% |
| CASH | 0.18% |
| Market Cap | Percentage |
|---|---|
| Large | 66.45% |
| Mid | 29.05% |
| Small | 4.05% |
| Micro | 0.27% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 67.29% |
| American Depositary Receipt | 32.54% |
| CASH | 0.18% |
| Sector | Percentage |
|---|---|
| Technology Services | 42.15% |
| Retail Trade | 28.17% |
| Transportation | 8.99% |
| Finance | 7.7% |
| Consumer Services | 6.87% |
| Commercial Services | 3.1% |
| Health Services | 2.85% |
| CASH | 0.18% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 129.46% |
| 20 Day Volatility | 55.54% |
| 50 Day Volatility | 45.46% |
| 200 Day Volatility | 37.51% |
| Beta | 0.51 |
| Standard Deviation | 2.07% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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