Blackrock Is Launching A New China Tech ETF Amidst The Regulatory Chaos

zerohedge2021-09-27

We now know there's at least one major asset manager that wants to encourage buying the dip in China. In fact, Blackrock is getting ready to unleash a new exchange traded fund focusing on Chinese technology stocks.

The move comes weeks after a competitor overtook its largest  China focused U.S. ETF,Bloomberg reported this week.

The new ETF is going to be called the iShares MSCI China Multisector Tech ETF and it will passively track an index of tech and tech-related stocks. The new ETF will be similar to the $7 billion KraneShares CSI China Internet Fund, which has seen massive inflows this year amidst the pullback in China-based equities.

The KraneShares CSI China Internet Fund overtook Blackrock's current largest China ETF, the iShares MSCI China ETF, to become the largest of its kind.

Despite the recent ballooning of assets in the KraneShares ETF, it has fallen almost 60% this year in the midst of China's ongoing regulatory crackdown.

Blackrock now has about 400 ETFs that total $6.7 trillion in assets in the U.S. industry. Seven additional ETFs have debuted this year from the asset manager, Bloomberg reported. The pace lags that of 2020, where 30 ETFs launched.

One area Blackrock may be able to out-do its competition is in expense ratio. The KraneShares CSI China Internet Fund carries a steep expense ratio of 0.73%. Blackrock's ETF hasn't disclosed its fee yet.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

  • 2c3154a7
    2021-09-27
    2c3154a7
    Like
  • KYHBKO
    2021-09-27
    KYHBKO
    for those who prefers lesser risks, such ETF would good options. for those who has time to research, we should look into the individual stock and invest in the stocks individually after the necessary research.
    • Saltyninjazz: 
      But this China tech ETF not any less risky though. Any more regulatory bad news from china all China stock will trend downwards
    • KYHBKO: 
      I understand your concerns. China remains attractive to me despite these. I maybe wrong but I do see the regulatory efforts as good for China's economy in the long run.
发表看法
2