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Wednesday, August 19, 2026The Morning Brief →Sign in

KraneShares CSI China Internet ETF

$27.22+1.64% today
244352-WK

The fund will invest at least 80% of its net assets in instruments in its underlying index or in instruments that have economic characteristics similar to those in the underlying index. The index is designed to measure the equity market performance of investable publicly traded "China-based companies" whose primary business or businesses are in the Internet and Internet-related sectors, and are listed outside of Mainland China, as determined by the index provider. The fund is non-diversified.

Price & daily flows
38.833.327.827.22DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned -23.6% so far this year. At 0.69% a year it is not the cheapest way in — ESMV runs the same ground at 0.18%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$4.2Bassets under management
0.69%expense ratio · $69 per $10,000 a year
net flow, trailing month
20.2Mavg daily volume, 30 days
34holdings · US-domiciled
2013listed July 30, 2013 · beta 1.09
Sector weights
Technology Services45.13%
Consumer Discretionary44.58%
Consumer Cyclical42.27%
Communication Services37.7%
Retail Trade24.99%
Retail9.73%
Consumer Services8.47%
Transportation7.65%
Finance5.7%
Healthcare5.17%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
China99.14%
Hong Kong3.06%
Indonesia2.9%
Singapore0.86%
United States0.62%
Other0.51%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.2%
1 month+1.5%
3 months-3.0%
6 months-17.0%
YTD-23.6%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
26%realized volatility, 30 days (annualized)
28%realized volatility, 1 year
-45.0%deepest fall from a peak, 1 year
-36.6%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
65Kcalls today
40Kputs today
0.61put/call ratio
20.8Mshares traded
The case against KWEB

Due diligence cuts both ways. These funds sit on the same shelf and beat KWEB on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-65bp on fee · 8× the assets · +$104M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M-62bp on fee · 46× the assets · +$631M in over the monthHead-to-head
IEMG iShares Core MSCI Emerging Markets ETF0.09%$160.6B+$1.9B-60bp on fee · 38× the assets · +$1.9B in over the monthHead-to-head
IAGG iShares Core International Aggregate Bond ETF0.07%$11.4B+$739M-62bp on fee · 3× the assets · +$739M in over the monthHead-to-head
IXUS iShares Core MSCI Total International Stock ETF0.07%$46.2B-62bp on fee · 11× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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