There were no changes to the KraneShares models this week.
Chinese equities were muted over the past week. However, the U.S. Commerce Department indicated it may ease export restrictions on Asian markets, potentially granting Chinese semiconductor firms greater access. This would mark a constructive development, as both China and the U.S. continue efforts to improve relations (chinalastnight.com). This week, we highlight:
The KraneShares MSCI Emerging Markets Ex China Index ETF (KEMX) provides exposure to emerging markets outside of China. KEMX maintains a strong fund score of 5.84, with a strong score direction of 0.38. Although the fund has pulled back slightly in recent weeks, the fund still trades near all-time highs and is up 31% year-to-date. Additionally, the fund offers a yield of 2.7%. Long exposure can be made here. Initial strong resistance from $49.50-$50. Initial support is at $46.50, with additional support at $39.
