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2021-10-21

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China Tech ETF Balloons to Record Size as U.S. Cash Floods In

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Cash flooding into the exchange-traded fund has helped buoy total assets to a record $8.1 billion on Tuesday.</p>\n<p>According to Todd Rosenbluth’s head of ETF and mutual fund research at&nbsp;CFRA Research, traders have grown more resilient and “willing to ride out volatility” of China’s tech sector given the long-term benefits of increased internet adoption in developing economies.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18e65bc6b948e1098d4a8649f0312853\" tg-width=\"944\" tg-height=\"398\" width=\"100%\" height=\"auto\"><span>Total assets in the KraneShares ETF has reached an all-time high.Bloomberg News</span></p>\n<p>With short interest in KraneShares’ China Internet ETF at its lowest since late 2018, the fund could be on the brink of a breakout as investors see its underlying assets on discount.</p>\n<p>“Investors like a deal, and with the market clobbered as of late investors may be looking to pick their bottom,” said Sylvia Jablonski, chief investment officer and co-founder at Defiance ETFs.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Tech ETF Balloons to Record Size as U.S. Cash Floods In</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Tech ETF Balloons to Record Size as U.S. Cash Floods In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-21 08:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-10-20/china-tech-etf-balloons-to-record-size-as-u-s-cash-floods-in><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since slumping to a low in mid-August, KraneShares CSI China Internet Fund (tickerKWEB) -- which holds shares of 53 U.S.-listed Chinese tech companies -- has jumped 21%. Cash flooding into the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-10-20/china-tech-etf-balloons-to-record-size-as-u-s-cash-floods-in\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KWEB":"中国海外互联网ETF-KraneShares"},"source_url":"https://www.bloomberg.com/news/articles/2021-10-20/china-tech-etf-balloons-to-record-size-as-u-s-cash-floods-in","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130085462","content_text":"Since slumping to a low in mid-August, KraneShares CSI China Internet Fund (tickerKWEB) -- which holds shares of 53 U.S.-listed Chinese tech companies -- has jumped 21%. Cash flooding into the exchange-traded fund has helped buoy total assets to a record $8.1 billion on Tuesday.\nAccording to Todd Rosenbluth’s head of ETF and mutual fund research at CFRA Research, traders have grown more resilient and “willing to ride out volatility” of China’s tech sector given the long-term benefits of increased internet adoption in developing economies.\nTotal assets in the KraneShares ETF has reached an all-time high.Bloomberg News\nWith short interest in KraneShares’ China Internet ETF at its lowest since late 2018, the fund could be on the brink of a breakout as investors see its underlying assets on discount.\n“Investors like a deal, and with the market clobbered as of late investors may be looking to pick their bottom,” said Sylvia Jablonski, chief investment officer and co-founder at Defiance ETFs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":972,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/853101044"}