美国投资者爆买中国科技ETF

Group 1 - American investors are increasingly attracted to China's technology sector, with significant capital inflows into U.S.-listed ETFs focused on Chinese tech stocks, while non-tech funds are experiencing outflows [1][3] - The largest Chinese stock ETF in the U.S., KraneShares China Internet ETF (KWEB), has attracted $2.3 billion this year, potentially marking its best annual performance since 2021 [3] - In contrast, traditional sector-focused ETFs like iShares China Large-Cap ETF (FXI) have seen a net outflow of $2.3 billion this year [3] Group 2 - Analysts suggest that the launch of DeepSeek and trade tensions initiated by former President Trump have contributed to the inflow of funds into Chinese tech ETFs [3] - Citigroup's economists believe that China is rapidly catching up in both models and hardware in the AI sector, with 2025 being a pivotal year for narrowing the gap with the U.S. [4] - Despite the competitive landscape, U.S. investors are continuing to invest in Chinese companies involved in AI, with significant interest from hedge funds and venture capital firms [7] Group 3 - Ruffer, a London-based investment firm, sees further upside for Chinese tech giants due to their lower price-to-earnings ratios compared to U.S. counterparts like Alphabet [10] - The chief investment officer of Krane Funds Advisors LLC highlights that the companies within KWEB are experiencing stock buybacks and attractive valuations, suggesting a potential revaluation of Chinese stocks by 2026 [10] - Major U.S. investment firms, including Vanguard and BlackRock, have increased their holdings in Alibaba, indicating a growing confidence in Chinese tech stocks [7][10]