- Full Name: KraneShares CSI China Internet ETF
- ISIN: US5007673065
- Currency: USD
- Provider: KraneShares
- Expense Ratio: 0.7%
- Inception: July 31, 2013
- Index Tracked: CSI Overseas China Internet Index
- Asset Class: Stocks
- Region Focus: China
- Dividend Policy: Distributing
KWEB, also known as KraneShares CSI China Internet ETF, tracks the CSI Overseas China Internet index. KWEB provides investors with access to well-known Chinese Internet companies such as Tencent, Baidu, Alibaba, and JD.com. These companies provide similar types of services to Google, Facebook, Amazon etc. These internet companies are publicly traded on either the Hong Kong Stock Exchange, NASDAQ, or New York Stock Exchange. The Chinese internet sector and its middle-class population are growing faster than ever before. KWEB ETF provides exposure to the companies that benefit the most from the increasing domestic consumption by the middle class. The fund’s top 3 sectors include Communication Services, Consumer Discretionary and Industrials.
It is built to track an index: CSI Overseas China Internet Index. This ETF provides physical exposure, by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly).
This share class generates a stream of income by distributing dividends.