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☆ UBS expects the Fed to halve interest rates next year. Here are 3 preferred trades
▼ + stars: | 2023-11-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

UBS has highlighted several stock ideas it favors for 2024, as it forecasts massive cuts to interest rates next year. The investment bank expects the U.S. will see slower economic growth and strong disinflation leading to an interest rate cut of 275 basis points . Given the economic outlook, UBS strategists recommend a number of trades to clients for 2024. All the sectors apart from software trade on bigger discounts than normal against their US peers," the UBS strategists said. To reflect that view, UBS strategists said they favored gaining exposure to the KraneShares CSI China Internet ETF in 2024.

Persons: Jonathan Pingle, Gerry Fowler, Sean Simonds, KWEB Organizations: UBS, Federal, CNBC, U.S, Investors, China Tech, Internet Technology, CSI China Internet Locations: U.S, China

☆ China-linked ETFs draw bullish options bets ahead of Biden-Xi meet
▼ + stars: | 2023-11-15 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Other large China-focused ETFs, including the iShares MSCI China ETF (MCHI.O), KraneShares CSI China Internet ETF (KWEB.P), also showed upbeat options activity, according to Trade Alert data. "It certainly seems that there is generally bullish positioning ahead of the meeting," said Steve Sosnick, chief strategist at Interactive Brokers, noting that the positions had been built up over several days. Reuters GraphicsInvestors' nascent enthusiasm for Chinese stocks is at odds with how these ETF's have performed this year. Daniel Kirsch, head of options at Piper Sandler, said recent bullish options flows into KWEB may be to do with a combination of enthusiasm ahead of the Biden-Xi meeting as well as results from Chinese e-commerce companies JD.com and Alibaba .

Persons: Brendan McDermid, Joe Biden's, Xi Jinping, Steve Sosnick, Biden, Xi, Sosnick, Daniel Kirsch, Piper Sandler, JD.com, Kirsch, Saqib Iqbal Ahmed, Suzanne McGee, Ira Iosebashvili, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, U.S, iShares, KraneShares CSI China Internet, Interactive, Federal, Economic Cooperation, Reuters Graphics Investors, Research, Biden, Thomson Locations: New York City, U.S, China, KraneShares, San Francisco, Asia

☆ India, Indonesia and Nigeria are 'long-term' EV plays: Portfolio manager
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia, Indonesia and Nigeria are 'long-term' EV plays: Portfolio managerAnthony Sassine of KraneShares discusses India's proposed tax cuts on electric vehicles and growth potential in the EV manufacturing.

Persons: Anthony Sassine, KraneShares, India's Locations: India, Indonesia, Nigeria

☆ China's economic data is reflective of the global economy slowing, says KraneShares' Brendan Ahern
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economic data is reflective of the global economy slowing, says KraneShares' Brendan AhernBrendan Ahern, KraneShares CIO, joins 'The Exchange' to discuss China's October CPI results, the upcoming meeting between the U.S. Treasury's Janet Yellen and Chinese Vice Premier He Lifeng, and more.

Persons: KraneShares, Brendan Ahern Brendan Ahern, Treasury's Janet Yellen, Lifeng Organizations: KraneShares, U.S

☆ China's property sector consolidation is 'not finished,' KraneShares says
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's property sector consolidation is 'not finished,' KraneShares saysXiaolin Chen, KraneShares' head of international business, discusses Chinese real estate developer Country Garden Holdings and the stress in the country's sector.

Persons: KraneShares, Xiaolin Chen Organizations: Garden Holdings Locations: country's

☆ China's economy is coming back through small incremental reforms, says KraneShares' Brendan Ahern
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economy is coming back through small incremental reforms, says KraneShares' Brendan AhernBrendan Ahern, KraneShares CIO, joins 'The Exchange' to discuss the real estate crisis in China, the patience needed to avoid over-stimulating China's economy, and China suspending its debt deal with Evergrande.

Persons: KraneShares, Brendan Ahern Brendan Ahern Organizations: KraneShares, Evergrande Locations: China

☆ Going beyond Tesla: ETF bets solely on electric vehicle makers
▼ + stars: | 2023-09-23 | by ( Natalie Zhang | ) www.cnbc.com time to read: +1 min

Defiance ETFs runs the Solactive Pure U.S. Electric Vehicle ETF — which is also known as the Pure EV Index fund. Tesla is the top holding for many electric vehicles ETFs after gaining more than 98% so far this year. Other EV ETFs including Global X autonomous & electric vehicles ETF and KraneShares Electric Vehicles & Future Mobility ETF have holdings in companies that produce EV components or are tech-related. However, the Pure EV Index fund is composed of only the five largest market-cap EV makers: Tesla , Nio , Rivian, Li Auto and Xpeng . The Pure EV Index fund's total net assets are currently $5.1 million.

Persons: It's, Sylvia Jablonski, CNBC's, Tesla, Li Auto, Jablonski Organizations: Electric, ETF, Apple, Microsoft, Nvidia, Global, KraneShares Electric Vehicles, Future Mobility

☆ Bet on a rebound in China using these ETFs, Citigroup says
▼ + stars: | 2023-09-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

China may finally be poised for an economic rebound, and several exchange-traded funds give U.S. investors a way to play it, according to Citigroup. We prefer following our economists and positioning for upside in China Equity ETFs as we may be nearing a cyclical bottom," the note said. The funds that are most correlated to the Chinese economy are the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) and iShares MSCI China A ETF (CNYA) , according to Citi's analysis. ASHR YTD mountain Chinese ETFs like the ASHR have struggled in 2023 For investors who want a little more risk and potential upside in China, tech-focused ETFs could be a smarter play. Investing in China has been a volatile bet over the years, and all the ETFs listed above have been long-term underperformers compared with the S & P 500.

Persons: Scott Chronert, — CNBC's Michael Bloom Organizations: Citigroup, Citi, China Equity, CSI China Internet, China Technology Locations: China

☆ These 10 China-focused ETFs are up this year — and one is expected to rise by another 40%
▼ + stars: | 2023-09-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Chinese stock markets have failed to perform in 2023. All three major indexes have lost money for investors over the past week, month, three months, six months, and year. As a result, shorting the Chinese currency has been one of the most profitable investments this year, according to analysis by CNBC Pro of FactSet's ETF performance data. CNBC Pro screened for global China-focused ETFs that have posted positive returns this year to date. A weighted average analysts' price target for companies in the ETF points toward a further 22.4% upside over the next 12 months, according to FactSet data.

Persons: Thierry Wizman, Goldman Sachs, Brent Organizations: Shenzhen Component, Shanghai, Index, U.S, CNBC Pro, Singapore ., London Stock Exchange, U.S ., Macquarie, People's Bank of, China Energy, New York Stock Exchange, bbl, Goldman, Dragon, China Communication Services Locations: Shenzhen, China, New York, London, Amsterdam, Frankfurt, Singapore, People's Bank of China, Macquarie, Dragon China, U.S

☆ Chinese government's 'lip service' to private sector needs to change, says Cornell's Prasad
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese government's 'lip service' to private sector needs to change, says Cornell's PrasadBrendan Ahern, KraneShares CIO, and Eswar Prasad, professor of trade policy at Cornell University, join 'Squawk on the Street' to discuss China's economy, the hope there will be a stimulus for China's economy, and what will bridge the gap between the government and entrepreneurs.

Persons: Cornell's Prasad Brendan Ahern, Eswar Prasad Organizations: KraneShares, Cornell University

☆ Watch CNBC's full interview with KraneShares' Brendan Ahern and Cornell's Eswar Prasad
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with KraneShares' Brendan Ahern and Cornell's Eswar PrasadBrendan Ahern, KraneShares CIO, and Eswar Prasad, professor of trade policy at Cornell University, join 'Squawk on the Street' to discuss China's economy, the hope there will be a stimulus for China's economy, and what will bridge the gap between the government and entrepreneurs.

Persons: KraneShares, Brendan Ahern, Cornell's Eswar Prasad Brendan Ahern, Eswar Prasad Organizations: KraneShares, Cornell University

☆ China's big internet names have mostly beat. Here's where analysts think the stocks are headed
▼ + stars: | 2023-08-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

All three stocks have double-digit gains ahead of them, if the average FactSet analyst price target holds true. Still, the average price target rose by 2.4% to $118.90 a share, according to FactSet. KraneShares CSI China Internet ETF (KWEB) gained nearly 19% last month. "We expect the stock will remain volatile in the near term along with China internet peers on macro uncertainty," the report said. Loop has a $210 price target on Baidu, more than 50% above where shares closed on Friday.

Persons: Tencent, –, Louis, Vincent, Jiong Shao, Nomura, Jialong Shi, Morgan Stanley, Alex Poon, NetEase, Rob Sanderson, — CNBC's Michael Bloom Organizations: Baidu, UBS, Hong, Barclays, China Internet, CSI China Internet Locations: U.S, Europe, China, Hong Kong, Barclays China, Tencent

☆ Shares of China's food delivery leader Meituan fall more than 5% on weaker Q3 outlook
▼ + stars: | 2023-08-25 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Revenue was 67.96 billion Chinese yuan ($9.33 billion), up 33.4% from 50.93 billion yuan posted in the same period a year ago. The firm also swung to profit of 4.69 billion Chinese yuan for the second quarter, compared to a loss of 1.11 billion Chinese yuan a year ago. Many merchants had to suspend their business, while consumers chose to stock packaged food instead of ordering fresh food delivery. Meituan leads China's food delivery market, holding almost 70% of the market share in the mainland, according to a 2022 report on Meituan. Besides food delivery, the tech firm also operates various services including ride-hailing, on-demand delivery, hotel and travel booking, movie ticketing, entertainment and lifestyle services.

Persons: Yan Cong, Wang Xing, Wang, Meituan, Doksuri, Xiaolin Chen, Chen, CNBC's, Pony.ai Organizations: Bloomberg, Getty, Revenue, Consumers, Hong, HK, Fitch Locations: Beijing, China, Yan, Hong Kong, Tianjin, Hebei, Shanxi, Henan, KraneShares

☆ Meituan's acquisition of AI startup can 'significantly' improve its cost model, KraneShares says
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeituan's acquisition of AI startup can 'significantly' improve its cost model, KraneShares saysXiaolin Chen of KraneShares discusses Chinese food delivery giant Meituan's acquisition of artificial intelligence startup Light Year and says the company's decision to increase its bets on AI is a "very encouraging" step.

Persons: KraneShares, Xiaolin Chen

☆ Watch CNBC's full interview with KraneShares' Brendan Ahern and China Market Research's Shaun Rein
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with KraneShares' Brendan Ahern and China Market Research's Shaun ReinBrendan Ahern, KraneShares CIO, and Shaun Rein, founder of China Market Research Group, join 'The Exchange' to discuss China's incremental stimulus plans, a confidence crisis in China's property sector, and bright spots for investors in China.

Persons: KraneShares, Brendan Ahern, Shaun Rein Brendan Ahern, Shaun Rein Organizations: KraneShares, China Market Research Group Locations: China, China's

☆ China is taking an incremental approach to fiscal stimulus, says KraneShares' Brendan Ahern
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is taking an incremental approach to fiscal stimulus, says KraneShares' Brendan AhernBrendan Ahern, KraneShares CIO, and Shaun Rein, founder of China Market Research Group, join 'The Exchange' to discuss China's incremental stimulus plans, a confidence crisis in China's property sector, and bright spots for investors in China.

Persons: KraneShares, Brendan Ahern Brendan Ahern, Shaun Rein Organizations: China, KraneShares, China Market Research Group Locations: China's, China

☆ Hedge funds bought these Chinese technology stocks in the second quarter
▼ + stars: | 2023-08-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Big investors took a selective approach to China-based technology stocks in the second quarter, recent regulatory filings suggest. Technology stocks continued their upward trend during the second quarter, including a slew of 2022's China-based tech losers. The fund scooped up a fresh position in e-commerce company JD.com worth nearly $64 million, and bought up China-focused exchange-traded funds KraneShares CSI China Internet (KWEB) and iShares China Large-Cap (FXI) . Other hedge funds raising bets on the company included Third Point's Dan Loeb, while Viking Global's Ole Andreas Halvorsen opened a minor stake worth $77.7 million. Not every investor bet big on the sector during the second quarter.

Persons: David Tepper's, Point's Dan Loeb, Ole Andreas Halvorsen, Baidu, Management's Philippe Laffont, Dan Sundheim, Tiger Global's Chase Coleman, — CNBC's Michael Bloom Organizations: Technology, Reuters, Retail, CSI China Internet, Viking, Li, PDD Holdings, Kanzhun Locations: China, Alibaba

☆ SK Hynix posts narrower second-quarter loss amid robust AI demand, sees chip recovery
▼ + stars: | 2023-07-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

SK Hynix reported its earnings for the second quarter of 2023 on Wednesday. South Korean chipmaker SK Hynix posted a second-quarter operating loss of 2.88 trillion Korean won ($2.24 billion) on Wednesday as demand for memory chips remained sluggish. SK Hynix said the weak memory chip market is on the road to recovery amid robust artificial intelligence demand, which resulted in a smaller second-quarter operating loss. The quarterly losses were narrower than the 3.4 trillion Korean won in the previous quarter which ended in March, and compared to a 4.2 trillion won profit from a year ago. That's compared with expectations for a 2.7 trillion won operating loss, according to Refinitiv estimates, weighted toward analysts that are more consistently accurate.

Persons: SK Hynix, Anthony Sassine, that's Organizations: SK Hynix, ., Korean chipmaker SK Hynix, SK, KraneShares, CNBC Locations: Korean

☆ SK Hynix will benefit from growing demand for A.I.-related semiconductors, strategist says
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSK Hynix will benefit from growing demand for A.I.-related semiconductors, strategist saysAnthony Sassine of KraneShares discusses South Korean memory chipmaker SK Hynix's financial results and the outlook for the company.

Persons: Anthony Sassine, KraneShares Organizations: SK Hynix, A.I, SK Hynix's

☆ KraneShares discusses China's policy signals and what investors need
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraneShares discusses China's policy signals and what investors needXiaolin Chen, KraneShares head of international, discusses China's recent Politburo statement and what it might mean for the country's economic recovery.

Persons: KraneShares, Xiaolin Chen

☆ This sleepy Dow ETF is gaining traction as the old-school average looks for a 10-day win streak
▼ + stars: | 2023-07-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The Dow rose for the ninth consecutive trading session Thursday, its longest winning streak since 2017. Meanwhile, the SPDR Dow Jones Industrial Average (DIA) has raked in more than $1 billion in net inflows over the past week. Here are some other notable ETF data points from the past week. The fund has gained more than 4% this month and brought in about $300 million in new cash over the past week. SPY saw abnormally high outflows of more than $10 billion over the past week.

Persons: Dow, Goldman Sachs Organizations: Dow Jones, DIA, Trust, Big Tech, Microsoft, UnitedHealth, Vanguard, CSI China Internet

The KraneShares CSI China Internet ETF is up 5.4% since Friday, while back home the CSI Overseas China Internet Index (.CSIH11136) is up nearly 3%. Yet China tech valuations have been gutted in the nearly 3 years since Ant was forced to shelve its initial share offering, and fund managers see plenty of headwinds, apart from just policy scrutiny. "The government has learned that the private sector - particularly the tech sector - is a critical partner in jump-starting growth. The government will continue to exert pressure on key tech companies even as they allow growth to resume," he said. For some sell-side analysts, though, China tech has turned a corner.

Persons: Jack Ma, Jon Withaar, Ant, Wong Kok Hoi, Wong, Kai Kong Chay, Derrick Irwin, Xi Jinping's, Alibaba's ADRs, Morgan Stanley, Min Lan Tan, Vidya Ranganathan, Kim Coghill Organizations: Group, Alibaba, HK, Pictet Asset Management, CSI China, CSI Overseas, CSI Overseas China Internet, Amazon Inc, APS Asset Management, Greater, Manulife Investment Management, UBS Global Wealth Management, Thomson Locations: HONG KONG, China, Asia, Hong Kong, Alibaba, CSI Overseas China, Singapore, Greater China, Boston

☆ As investor focus shifts to EVs, analysts expect these auto stocks to soar
▼ + stars: | 2023-07-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Investors are piling into electric vehicle stocks after the latest Tesla numbers showed it beat expectations for vehicle deliveries. Vanda Research in a Thursday note said it's seeing signs of some rotation from AI stocks to EVs. "We expect to see more retail demand for EV stocks going forward," the note said, highlighting "laggards" such as Nio , Li and Plug in particular. Its base case for China-made EVs implies 38% annual offshore sales growth through 2030. EV stocks with upside To see which EV stocks are expected to continue to rise, CNBC Pro screened two ETFs on FactSet: the KraneShares Electric Vehicles & Future Mobility Index ETF and the Global X Autonomous & Electric Vehicles ETF .

Persons: Li, Morgan Stanley, BYD, Tesla, Bernstein, — CNBC's Michael Bloom, John Melloy, Fred Imbert Organizations: Vanda Research, EV, CNBC Pro, KraneShares Electric Vehicles, Global, Autonomous & Electric Vehicles ETF, Geely Automobile Locations: China, New York, Milan, Paris

☆ Improvement in talks with China will bring U.S. investors back into Chinese stocks: Brendan Ahern
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailImprovement in talks with China will bring U.S. investors back into Chinese stocks: Brendan AhernBrendan Ahern, KraneShares CIO, joins 'Closing Bell Overtime' to breakdown Secretary Yellen's meeting with Chinese officials and what it means for U.S. investors.

Persons: Brendan Ahern Brendan Ahern, Yellen's Organizations: KraneShares Locations: China

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