written by reader KWEB and KraneShares

By Anonymous Questions, June 3, 2018

Hi Travis:
In a recent piece (5/19), you discussed KWEB, the Chinese Internet ETF. Some interesting information about the company, KraneShares, the etf owner that might interest you.

A few months ago, a Chinese Investment Bank(CICC HKSE 3908) bought a controlling interest in KraneShares. Recently, it listed the KWEB shares on the Hong Kong Exchange as CICC KraneShares CSI INTERNET INDET ETF (HKSE 3186).

What is most interesting to me is that the Hong Kong shares are listed at a price of HK$80, or some 5 x cheaper than the price of the same shares listed on the NYSE (KWEB $6o+).

Any thoughts on this?

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