Navigating China’s Economy: 5 Best China ETFs

2. KraneShares MSCI China Clean Technology ETF (NYSE:KGRN)

5-year Share Price Performance as of March 22: 2.27%

KraneShares MSCI China Clean Technology ETF (NYSE:KGRN) tracks the MSCI China IMI Environment 10/40 Index, which consists of Chinese companies involved in clean technology and promoting environmental sustainability. The index comprises securities generating at least 50% of their revenues from environmentally beneficial products and services across five key themes – Alternative Energy, Sustainable Water, Green Building, Pollution Prevention, and Energy Efficiency. KraneShares MSCI China Clean Technology ETF (NYSE:KGRN) is one of the best China ETFs to buy. As of March 21, 2024, the ETF holds net assets of $61.45 million, along with an expense ratio of 0.79%. 

Boyd Gaming Corporation (NYSE:BYD) is the largest holding of KraneShares MSCI China Clean Technology ETF (NYSE:KGRN). It is a gaming company that operates through segments including Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. On February 29, Boyd Gaming Corporation (NYSE:BYD) declared a $0.17 per share quarterly dividend, a 6.3% increase from its prior dividend of $0.16. The dividend is payable on April 15, to shareholders on record as of March 15. 

According to Insider Monkey’s fourth quarter database, 34 hedge funds were bullish on Boyd Gaming Corporation (NYSE:BYD), compared to 30 funds in the prior quarter. John W. Rogers’ Ariel Investments is the largest stakeholder of the company, with 3 million shares worth $192.3 million. 

Baron Discovery Fund made the following comment about Boyd Gaming Corporation (NYSE:BYD) in its Q4 2022 investor letter:

“Shares of U.S. regional casino operator Boyd Gaming Corporation (NYSE:BYD), increased in the fourth quarter due to stable consumer visitation and spending levels despite an uncertain macro environment. The company continued to generate strong free cash flow that it is using to invest into its casinos, pay out dividends, and buy back shares. The company has repurchased 8% of its shares over the past year while paying out a 1% dividend. We believe Boyd can withstand any bumps in the economy given its strong balance sheet and free cash flow. We also don’t think Boyd’s share price reflects its 5% ownership in online bookmaker FanDuel. We continue to be positive on the company’s long-term prospects.”