KraneShares launches China internet ETF
Aug 5th, 2013 | By Simon Smith, CFAKraneShares, which only last month made its exchange-traded fund (ETF) debut, has launched its second new fund: the KraneShares CSI China Internet ETF (KWEB). The fund, which has been listed on the Nasdaq Stock Market, provides exposure to Chinese internet and internet-related companies. Brendan Ahern, Managing Director of KraneShares, said: “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.”