Celina Jade
0
All posts from Celina Jade
Celina Jade in Markets at a glance,

Think U.S. tech stocks are big gainers? Check out China!

A rally in technology and internet names has been one of the biggest U.S. equity-market stories of 2017, with the group accounting for a sizable percentage of the overall market’s advance. But as big as the sector’s advance has been, it’s nothing compared with what’s happening in Beijing.

China’s tech sector has seen massive gains year-to-date, in some cases posting returns that are double their stateside counterpart.

The KraneShares CSI China Internet ETF KWEB, +0.26 a 5.8 million exchange-traded fund that is one of the most widely used ways for investors to get exposure to the region’s tech sector, is up 56.4% thus far in 2017, hitting record levels. Separately, the $144.3 million Guggenheim China Technology ETFCQQQ, +0.19  has gained 45.6% thus far in 2017, hitting all-time highs of its own.

A third ETF, the Global X NASDAQ China Technology ETF QQQC, -0.37  has advanced 26.7%.

via