This China Internet ETF Is On Fire (KWEB)

There are hundreds of exchange traded funds (ETFs) listed on U.S. exchanges featuring some exposure to China, some of which feature China Internet stocks.

In 2017, China has been a rewarding place to be.  And an especially rewarding slice of the China economic pie has been China internet stocks.

Just look at the KraneShares CSI China Internet ETF (KWEB). KWEB has been on a torrid pace this year.  Tuesday KWEB gained 3.2 percent, on triple the average daily volume.  This brought the China ETF’s one-month gain to over 16 percent.  And its year-to-date gain was nearly 42 percent.

A Goldman Sachs report “pegged Chinese e-commerce sales at $750 billion in 2016 sales, coming from 460 million online shoppers, and projects a  CAGR of 23 percent through 2020.  This is nearly triple the rate of offline sales.” This according to Multi Channel Merchant.

Those trends should bode well for stocks such as Alibaba Group Holding Ltd. (BABA) and, Inc. (JD).