Investors should buy Chinese internet stocks, UBS and Credit Suisse say
CNBC – UBS and Credit Suisse say Chinese internet stocks may be a good buy for investors according to global investment banks UBS and Credit Suisse. The article quotes John Woods, Chief Investment Officer for Asia Pacific at Credit Suisse saying “Internet is essentially a structural growth story in China. We don’t see it changing anytime soon…”. Tan Min Lan, the head of the Asia Pacific Investment Office at UBS Global Wealth Management says Chinese internet companies offered “solid share buyback prospects” and have high cash flows. CNBC cites KraneShares CSI China Internet ETF (ticker: KWEB) as an ETF which tracks Chinese tech stocks.
KWEB standard performance
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. KWEB’s gross expense ratio is 0.70%. Top 10 holdings for KWEB can be found here.
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