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August 26, 2013 at 08:00 PM
The bear market in Chinese stocks has scared away some, but others smell opportunity.
A new ETF targeting fast-growing Chinese Internet companies, called the KraneShares CSI China Internet ETF (KWEB), was listed on the NASDAQ Stock Exchange.
“KraneShares CSI China Internet ETF provides U.S. investors with an opportunity to gain exposure to China’s growing internet sector with the cost efficiencies of ETF investing,” said Brendan Ahern, Managing Director of KraneShares. “We see two powerful demographic trends driving China’s internet sector: since 2000, internet spending by urban Chinese has increased 14% annually, and China’s rural population continues to migrate to urban areas, further fueling internet usage.”
