25 days ago

Tech fund becomes biggest China ETF

An ailing tech fund that plummeted 58% as a result of Beijing's anti-corruption crackdown has recently roared back to become the largest U.S. ETF betting on the Asian nation. On Tuesday, the KraneShares CSI China Internet Fund (ticker KWEB) added $181 million in new capital, bringing its total assets to $6.2 billion, the most recent session for which data is available. The exchange-traded fund has now surpassed the $6.1 billion iShares MSCI China ETF as the market leader (MCHI). Source: Bloomberg

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31 days ago

Are Emerging Markets ETF avoiding China the way to go?

Many emerging markets enthusiast are pouring money into an ETF that seems to be tailor-made for this situation. The $1.2 billion iShares Emerging Markets ex-China ETF is a fund tracking stocks in developing countries while avoiding the Chinese side altogether. The fund attracted $304.8 million inflows in August, its highest since its inception four years ago. Source: Bloomberg

Are Emerging Markets ETF avoiding China the way to go?

32 days ago

China dip buyers are finally reaching a breaking point

After an a 56% loss, the The $4.9 billion KraneShares CSI China Internet Fund (ticker KWEB) has posted two straight days of outflows. Many people bought the dip (5 consecutive weeks of inflows) but it seems that uncertainty over Beijing’s next move continuing to bruise the nation’s equities, it appears that dip buyers are starting to lose their mettle. Source: Bloomberg

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China dip buyers are finally reaching a breaking point

33 days ago

Cathie Wood's tech-focused strategy is drawing some skeptics

There are more and more investors starting to doubt Cathie Wood's investing strategy focusing on innovation, and they are making it clear. Returns were outstanding in 2020, but they are starting to dwindle this year. Famous investor Michael Burry made his position clear by shorting the ARK Innovation ETF. This fund is down 7% this year after an outstanding 149% return last year. Source: Bloomberg

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Cathie Wood's tech-focused strategy is drawing some skeptics

34 days ago

Michael Burry is betting against Cathie Wood's ARK Innovation

Michael Burry, which you all know from the Oscar-winning movie 'The Big Short', is now taking aim at the famous stock picker Cathie Wood for its new coup. Burry disclosed on Monday that its company, Scion Asset Management, held bearish put option against 235,000 shares of Wood's ARK Innovation ETF at the end of the second quarter, for a total value of around $31 million. Does he think that focusing on innovation might come with higher risks than expected? Source: Barron's

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Michael Burry is betting against Cathie Wood's ARK Innovation
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