Chinese Crackdown Discounts Lure Investors Into Emerging ETFs
- Inflows to EM ETFs almost doubled to $1.4 billion last week
- KraneShares CSI China Internet, or KWEB, received $711 million
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Investors poured money into exchange-traded funds that buy Chinese stocks for a second week, shrugging off the uncertainty tied to tightening regulation in the world’s second-biggest economy.
U.S.-listed ETFs that focus on assets from China and Hong Kong attracted just over $1 billion in fresh investment in the week ended Sept. 3, led by inflows into the $7.6 billion KraneShares CSI China Internet ETF, known as KWEB. The fund, which buys Chinese companies in internet industries, pulled in $711 million.