破纪录 创12年来新高

Core Insights - The largest Chinese stock ETF in the U.S., KWEB, has surpassed $10 billion in assets under management (AUM), reaching a record high of $100.2 billion since its inception in 2013, although it has slightly decreased to approximately $99.1 billion recently [1][5]. Group 1: ETF Performance - KWEB, managed by KraneShares, tracks the CSI Overseas China Internet Index and has seen significant fluctuations in its AUM over the years, with a notable drop to $39.66 billion in March 2022 before rebounding to over $100 billion in October 2025 [1][5][3]. - The top ten holdings of KWEB as of September 30, 2025, include Alibaba (11.39%), Tencent (10.68%), and Pinduoduo (7.45%), indicating a strong focus on major Chinese tech companies [2][1]. Group 2: Market Trends - KWEB's recent growth is part of a broader trend where six U.S.-listed Chinese stock ETFs have surpassed $1 billion in AUM, highlighting increasing investor interest in Chinese equities [6][7]. - In the past week, KWEB attracted $50.82 million in inflows, reflecting a positive sentiment towards technology-focused ETFs [8][9].