
There was one change in the KraneShares Model this week.
Over the past week, the KraneShares Tactical Emerging Markets Model sold off part of the KraneShares MSCI Emerging markets EX China index ETF (KEMX) and purchased the KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA). KEMX now maintains its minimum target weight exposure of 16.67%. The change reflects an increase in weight towards Chinese equities, highlighting the ongoing strength within the group.
KBA has put on quite the show year-to-date. KBA maintains a fund score of 5.94, with a positive score direction of 2.16. Since reversing back into Xs in April, the fund has moved up from a low of $21.50 to a near-term high of $28.50, while also completing a bearish signal reversal at $25 and reversing back into a positive trend last month. Although KBA still sits below its all-time high, the theme over the past few months has been consistent growth. Additionally, the fund is also accompanied by a yield of over 2%. The weekly OBOS indicates that KBA is in overbought territory, so wait for the 10-week trading band to normalize before considering an individual exposure. Initial support and the bullish support line can be seen at $21.