Largest China Tech ETF in U.S. Wipes Out Nine Years of Gains (US.KWEB)
KraneShares CSI China Internet Fund, a $4.9 billion ETF that invests in Chinese tech companies, slumped more than 11% Monday, bringing its decline over the past three days to 28%. Its loss this year has surpassed 42%, wiping out all the gains, including dividend payouts, since it started trading nine years ago. On Friday, Krane Funds Advisors said that it plans to convert all of its holdings of Chinese ADRs to shares trading in Hong Kong by the end of the year to minimize the de-listing risk.
largest china tech etf u 02913 1745