China ETF (KSTR) Hits New 52-Week High
KraneShares SSE STAR Market 50 Index ETF KSTR is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and has skyrocketed 102.93% from its 52-week low price of $12.97 per share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
KSTR in Focus
The underlying SSE Science and Technology Innovation Board 50 Index comprises the 50 largest companies listed on the SSE Science and Technology Innovation Board, as determined by market capitalization and liquidity. The product charges 0.89% in annual fees (see: all Asia-Pacific (Emerging) ETFs).
Why the Move?
China-focused funds appear to be becoming more attractive amid the growing optimism following the meeting between President Trump and Chinese president Xi Jinping. Growing investor expectations that the summit could help ease trade tensions improve bilateral relations and reignite momentum in Chinese equities, particularly within the technology sector. Easing chip restrictions and increasing AI-related investment are expected to reinforce bullish sentiment toward China’s economy.
More Gains Ahead?
KSTR might continue its strong performance in the near term, with a positive weighted alpha of 102.09 (per Barchart.com), which hints at a rally.
Boost Your Portfolio with Our Top ETF Insights
Zacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week.
Don’t miss out on this valuable resource. It’s free!
Get it now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
KraneShares SSE STAR Market 50 Index ETF (KSTR): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).
Source Zacks-com
