Q1 2021 was a Jekyll and Hyde story for the China internet sector. With lots of bullish momentum pre-Chinese New Year, that saw a dramatic reversal in the second half of the quarter. Despite all this, top China Internet stocks reported solid Q4 earnings underscoring that online user growth and consumer spending have continued to grow even as the pandemic receded in China.
In this webinar, Chief Investment Officer Brendan Ahern and Head of International, Dr. Xiaolin Chen, will unpack the China Internet sector’s Q1 performance. Topics will include:
- How the global vaccine rollout, the Archegos Capital unwind, and increased regulation have impacted the sector's performance.
- Earnings, revenue, valuation, and subsector performance overview
- Taking a strategic approach to incorporating China Internet into a portfolio.
- What lies ahead? China's 14th Five Year Plan, new IPOs, and a return of US-China diplomacy
China is one of the fastest-growing major health care markets globally, with a five-year compound annual growth rate of 13%, compared to just 3% in the United States and 2% in Japan*. In 2015 China surpassed Japan to become the second-largest health care market globally**. Since then, total health care expenditure in China has nearly doubled from $594 billion to over $1 trillion in 2019***.
Join us for a webinar on China's growing health care sector with KraneShares CIO, Brendan Ahern, and Head of International, Dr. Xiaolin Chen. Topics covered will include:
○ Factors driving growth: How China's aging population, rising incomes, and increasing urbanization may provide a sustained catalyst for growth in China's health care sector.
○ An overview of the China health care ecosystem, including Patent and generic pharmaceuticals, medical equipment production, hospital administration, biotechnology, traditional Chinese medicine, health care IT.
○ Living in a post-COVID-19 world: What's on the horizon for health care in China.
○ Accessing the opportunity: An introduction to the MSCI All China Health Care Index ETF (LSE: KURE).
*Statista, “Health expenditure in China from 2000 to 2018”, retrieved 31 Dec 2020.
**Major health care markets defined as top five global markets by the World Health Organization. Data from the World Health Organization as of 31 Dec 2015.
***Statista, “Total health care expenditure China 2019”, retrieved 31 Dec 2020.
China's fixed income market has been systematically under-allocated in global portfolios; this could be a mistake.
In the current market environment, one-third of issued debt worldwide carries a negative yield. The 10-year US Treasury yield lags its equivalent Chinese Government Bonds (CGBs) by nearly 240 bps*. Additionally, the expected billions of dollars of inflows to the China onshore bond market due to global index inclusion efforts will continue to serve as a catalyst to support our view of the asset class.
In this webinar, KraneShares' Dr. Xiaolin Chen and Sjef Pieters, and Citigroup's Melvyn Merran and Christine Lu explore how China's yield profile and rising international utilization make China fixed income a bright spot to consider for investors' portfolios.
Allan Lane, Algo-Chain | Sarah Tunnell, Alliance Bernstein | Xiaolin Chen, KraneShares | Jake Moeller, Square Mile Research
Having a pre-defined, long-term investment framework is critical when designing a thematic portfolio. Sustainable Investing frameworks requires both of these elements. But, does sustainable investing increase AUM through inflows, or does it actually drive alpha? For investors in ESG, the United Nations' 17 Sustainable Development Goals provides a great success framework for investors - and it is also good for branding. But, how strictly and widely-used is this framework? And, is this effort to outline success in a detailed way actually driving success in sustainable thematic portfolios?
Join this webinar to:
- Understand the keys to whether investments adhere to sustainable principles
- Learn about the possible ROI of sustainable investments
- Find out how leaders in the field are employing the SDGs for investment success
From recycling, paperless ticketing on public transportation, to a surge in electric vehicles and ride-sharing, people in China are realizing the importance of environmental protection and are adapting their lifestyles accordingly.
In this video, KraneShares cultural analyst, Xiabing Su, takes the NIO ES6 for a test drive to learn more about the new energy automobile industry. She also explores the Chinese government’s plan for carbon neutrality by 2060, the direction of China’s future economy, and the KraneShares MSCI China ESG Leaders UCITS ETF (Ticker: KESG). KESG offers exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy.
Ant Group was poised to shatter the record as the largest initial public offering (IPO) in history1. The future timing of its IPO is now uncertain as the company moves to address new regulations on the way it facilitates consumer loans.
Ant Group’s IPO news comes as Alibaba’s annual 11.11 Singles Day Global Shopping Festival is in full swing. Last year over the course of 24 hours on November 11, Alibaba recorded $38.4 billion of gross merchandise sales2 with Ant Group’s systems processing 459,000 payment transactions per second3, about 7x the max capacity per second of Visa4.
This year, Alibaba’s head-spinning ambition to continually shatter the record from the past year is on the line as questions still linger as to how much pandemic lockdowns affected their customers’ wallets.
In this webinar KraneShares CIO, Brendan Ahern, and China-based Cultural Analyst Xiabing Xu will discuss:
With its IPO on hold, what's in store for Ant Group's future?
Alibaba earnings overview
On the ground look at key trends from Singles Day 2020
What Singles Day can tell us about the direction of China’s E-Commerce sector heading into 2021
China Macro Economic Outlook: Digital Transformation and Structural Reforms Provide Catalysts for Post COVID-19 Growth:
Kevin Liu, Executive Director and Equity Strategist at CICC Research (majority owner of Krane Fund Advisors, LLC), joins Brendan Ahern and Dr. Xiaolin Chen of KraneShares to provide an outlook and discussion on China's economy and capital markets for the remainder of 2020.
- Earnings Review of US, Hong Kong and Mainland-listed Chinese companies
- The supply-side has recovered in China. Will demand follow suit in 2H 2020?
A-Share Inclusion Update
Rapid urbanization in China over the past decades led to a considerable increase in disposable income. At the same time, the rise of technology and internet adoption made China the largest online population in the world. As a result, a substantial part of China’s new middle-class consumption is occurring online.
In this video, we check in with locals on the ground to see how these megatrends have changed their daily lives, and with industry experts to understand what this growth means for the future and for investors. We also look at how the KraneShares CSI China Internet ETF (Ticker: KWEB) offers the opportunity to capitalize on China’s thriving internet sector.
At the end of May 2020, market sentiment around China dipped. The US Senate passed a bill that could jeopardize Chinese companies’ US listings, and the viability of the Phase 1 trade deal was in question. One month later, investors brushed away the doomsday headlines, and China is now enjoying a formidable bull market that few were anticipating.
By the end of June, China’s markets demonstrated their resiliency and delivered strong performance. The speed and intensity with which markets rose left many feeling like they may have missed the boat. In our view, when it comes to investing in China, it is not about whether or not you missed the boat, it is about being on the boat in the first place! We believe that investors often treat China as a tactical trade, and miss out on the performance and diversification benefits of holding China as a long-term strategic allocation.
Join KraneShares investment professionals Brendan Ahern and Dr. Xiaolin Chen as they explore:
- Why China is not a trade: China equity market characteristics that support holding it as a core portfolio allocation.
- Does the China bull have legs? Potential catalysts that could drive China’s mainland A-shares higher.
- Why investors are only now realizing that Chinese internet companies are significant beneficiaries of the post-COVID world.
Dr. Xiaolin Chen, Head of KraneShares International, Abhishek Gupta from MSCI Inc, Brendan Ahern of KraneShares
A virtual discussion with Abhishek Gupta from MSCI Inc. and Brendan Ahern of KraneShares on why now is a pivotal time to invest in China, an A-Share inclusion update, and how the China Healthcare sector is a bright spot for 2020. Dr. Xiaolin Chen, Head of KraneShares International, moderates.
In May, IVOL celebrated its first anniversary since inception. In this webinar Jonathan Krane, CEO of Krane Funds Advisors, will discuss how the partnership between Quadratic Capital and Krane Funds began. Nancy Davis, Portfolio Manager for the IVOL ETF, will discuss how she translated a hedge fund strategy into an ETF, catalysts for IVOL's performance over the past year and an outlook for the next 12 months.
During the webinar, Nancy and Jonathan will answer viewer questions. Please email webinar questions in advance to: firstname.lastname@example.org
Dr. Xiaolin Chen and Brendan Ahern of KraneShares, Sanjay Rao of Bloomberg
An overview of the KraneShares Bloomberg Barclays China Bond Inclusion UCITS ETF (KBND).
KBND offers investors access to the RMB-denominated securities being included in the Bloomberg Barclays Global Aggregate Index, an index with an estimated $2.5 trillion in assets passively tracking or actively managed against it.1 In April 2019, Bloomberg began including Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate Index, phased in over a 20 month period. The full inclusion is expected to attract around $150 billion of fund inflows into China’s $13 trillion bond market.2
KBND is benchmarked to the Bloomberg Barclays China Treasury and Policy Bank 9% Capped Index, which is designed to track the performance of China’s onshore renminbi-denominated government and government-related bond market. The Fund seeks to invest at least 80% of its assets in a basket of fixed income securities issued by either China’s Ministry of Finance itself or government-owned banks within China.
With the spread of the virus nearly halted, life in China has cautiously returned to normal. Despite the turmoil in global markets caused by COVID-19, thus far, China seems to have been successful in its approach to fighting the pandemic. But what does the "new normal" look like in China? And what has the economic impact of COVID-19 been so far? We believe there will be lessons for the rest of the world from China's experience as we look forward with optimism to re-openings around the globe.
Please join us for a webinar exploring the topic: COVID-19 and China's Reopening. The event will feature a joint presentation by KraneShares Chief Investment Officer, Brendan Ahern, and our Beijing-based colleague Kevin Liu, Executive Director, at China International Capital Corporation.
What does the "new normal" look like in China?
Decoding the potential impact of the upcoming "two-sessions" policy meetings
China's earnings season results/outlook
Winners and losers: investing post-quarantine
Please make sure that live streaming is accessible and that cookies are enabled on your device. If live-streaming is blocked at your organization, the webinar can also be live-streamed from a mobile device.
We are living through unprecedented times. In a few short weeks, the novel coronavirus has cost thousands of lives and destroyed wealth around the world. Investors are asking "what do we do now? Are we headed for an extended depression as economic activity comes to a halt? Or are the policy responses – perhaps the largest in history – going to be effective? Is the $2 trillion fiscal spend (equivalent to 9.5% of GDP) and unbounded and limitless bond-buying enough? Is it too much? How should investors position portfolios for these volatile markets?
Please join us for a candid conversation between Nancy Davis, CIO of Quadratic Capital and Jonathan Shelon of KFA Funds on investing in uncertain times. During the webinar, Nancy and Jonathan will answer viewer questions.
The coronavirus pandemic is disrupting life and gripping markets around the world. Its spread has followed a similar trajectory in the various countries it has afflicted. China now appears to be at the plateau stage of the virus' progression with the number of new daily confirmed cases falling to negligible levels. As China reaches the end of the curve, we can analyze the steps it took to get there and the human, economic, and market impact the virus has incurred.
In this webinar, KraneShares' Brendan Ahern and Dr. Xiaolin Chen will answer critical questions on China's outlook and discuss how the current outbreak could provide a catalyst for select sectors. Topics will include:
Critical lessons from China's experience with COVID-19
Impact of the outbreak on China's economy and the government's fiscal & monetary response
Increased demand and policy support for China's healthcare sector
How the surge of new users to China's internet platforms, including E-Commerce, social media, streaming, and education, may support China's internet sector
China’s economy is moving from manufacturing to services. Typically, companies aligned with the “New China” economy experience greater growth than companies from China’s legacy sectors.
With the launch of KraneShares MSCI China ESG Leaders UCITS ETF (Ticker: KESG) in February, investors are now able to invest in more socially responsible businesses while capturing companies that are aligned with China’s future growth trajectory.
Tracking the MSCI China ESG Leaders 10/40 Index, a capitalization-weighted index that provides exposure to companies with high Environmental, Social and Governance ratings relative to their sector peers, KESG's Index consists of large and mid-cap companies domiciled in China.
In this webinar Xiaolin Chen of KraneShares and Saurabh Katiyar, Executive Director of Index Solutions Research at MSCI will provide insights on:
- Macro China policy
- An overview of KraneShares MSCI China ESG Leaders UCITS ETF (Ticker: KESG)
- The structure of the MSCI China ESG Leaders 10/40 Index
Amidst headlines that much of China is still at home to prevent the spread of COVID-19, and travel in and out of the country is at a standstill, China's onshore market performance has been surprisingly resilient. Additionally, sectors such as healthcare, E-Commerce, and online education are experiencing significant demand.
In this webinar, Brendan Ahern will discuss the economic impact of COVID-19 on China, including:
- The short-term economic impact of COVID-19 and the PBOC's policy response
- What the economic data of the SARS epidemic may be able to tell us about how COVID-19 will impact China's economy
- The impact by sector of COVID-19
On January 29th, Chairman of the Federal Reserve, Jerome Powell, announced that the Federal Open Market Committee (FOMC) decided to maintain the target range for the federal funds rate at 1‑1/2 to 1-3/4 percent. However, there was one small change from Chairman Powell's previous statements. During Q&A with reporters, Powell said "the Fed is not satisfied with inflation running below 2% and it is not a ceiling."
In this Webinar:
What the Fed's decision means for the economy, inflation expectations and interest rates.
How to diversify fixed income portfolios to potentially profit from relative interest rate movements through Fed rate cuts or rising long-term interest rates.
Where the Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL), a fixed income ETF, fits into portfolios.
Strategies to Capture China's Importance In Global Portfolios
Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Our suite of China-focused ETFs provides investors with solutions to capture China’s importance as an essential element of a well-designed investment portfolio. We strive to provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. We help investors stay up to date on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC is majority owned by China International Capital Corporation (CICC).