Reported about 1 month ago
Recent analysis reveals that Chinese stock exchange-traded funds (ETFs) have become significant wealth destroyers for US investors, similar to the underperforming ARK Innovation ETF managed by Cathie Wood. Despite attracting over $12 billion since 2013, these funds, particularly the KraneShares CSI China Internet Fund, have seen a dramatic decline in asset value, with many investors facing losses. The funds' volatility and timing issues have made them unreliable long-term investment vehicles, further evidenced by their performance compared to major US ETFs.
Source: YAHOO