There were no changes to the KraneShares models this week.
Chinese equities were muted over the past week. International equities continue to rank highest in our DALI asset class rankings. Within China, performance has been largely driven by AI and technology-related names, which remain the primary source of strength. This week, we highlight:
The KraneShares Public-Private AI & Technology ETF (AGIX) provides exposure to Technology and AI companies in China. The fund sits on three consecutive buy signals, after completing a double top break at $45, and is up 25% year-to-date. In April, the fund reversed back into Xs against the market and moved backed into a positive trend. Additionally, AGIX maintains a strong fund score of 5.78 and a positive score direction of 2.92. The fund has pulled back last week and now sits in normalized territory, providing an actionable entry point. Long exposure can be made here. Initial strong support is at $42.50, with additional support not seen until $31.
