29 days ago • Posted by Djellza Kolloni

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