China ETF That Was Popular Last Month Turns Sour as Trade War Escalates
- KraneShares fund saw more than $62 million in volume Tuesday
- Investors are spooked amid trade tensions, weakening economy
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America’s heated trade dispute with China is rattling investors in an exchange-traded fund that tracks the nation’s A-shares.
The KraneShares Bosera MSCI China A Share ETF, or KBA, saw frenzied trading Tuesday after the benchmark index in Shanghai plunged into a bear market overnight. More than $62 million in shares changed hands by 2:52 p.m. in New York, roughly 11 times the daily average in the past year. The ETF fell 1.2 percent to the lowest level since June 2017.