Bringing you live news and features since 2006 

KraneShares CSI China Internet UCITS ETF surpasses USD250m in AUM

RELATED TOPICS​

Krane Funds Advisors (KraneShares) has announced that assets under management (AUM) in its flagship KraneShares CSI China Internet UCITS ETF (LSE: KWEB) have grown 420 per ent year-to-date, surpassing USD250 million in November, while KraneShares’ global firm assets exceeded USD6 billion. KWEB LN seeks to capture the compelling growth potential of China’s leading, innovation-driven internet companies. China internet stocks are having a banner year, outperforming not only broad China and Emerging Markets but also the US markets. Year-to-date, KWEB’s Index has returned 54.48 per cent, compared to the MSCI China Index at 26.37 per cent, the MSCI Emerging Markets Index at 10.11 per cent, and the S&P 500 Index, which has returned 13.55 per cent.1

In response to demand, KraneShares launched British Pound (LSE: KWBP) and Euro (LSE: KWBE) share classes of KWEB LN.

“As KWEB LN achieves its two-year track record this November, we are pleased to see AUM growth in the strategy is strong,” says Dr Xiaolin Chen, Head of International at KraneShares. “The two additional share classes allow UK and European clients to invest in the strategy based on their currency preferences.”

Additionally, KWEB LN continues to expand its investment universe with Lufax Holdings’ (LU) inclusion in the Fund on 13 November 2020. Lufax is in an online peer-to-peer internet finance marketplace backed by China’s financial giant Ping An Insurance Group.

“The strong asset growth we have seen this year speaks to the vibrancy and growth potential of the China Internet sector,” says Jonathan Krane, CEO of KraneShares. “At the same time, there are several initial public offerings on the horizon, like Lufax, that are getting investors excited about the sector. Now with GBP and EUR share classes, our clients have more options to invest in KWEB LN.”

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by