Worst ETFs of the week: China Tech and Platinum ETFs

China Tech stocks fall as regulator applies new regulations

Last week was bearish for China Tech stocks. In Europe, two of the ten worst performing ETFs of the week are ETFs tracking China Technology and Internet companies. This number is more significant in Americas, with four ETFs tracking China Tech stocks. For both regions, two ETFs tracking the same Index are the worst performers of both rankings. The KraneShares CSI China Internet UCITS ETF for Europe with -9.90%, and the KraneShares CSI China Internet ETF for Americas with -10.27%.

This drop in technology China stocks is mainly due to the wave of new regulations imposed by the Chinese government against tech companies. Several months ago, China has already started a political and regulatory campaign to control big techs companies. The issues covered are data security, monopolistic behavior and financial stability. Beijing clearly demonstrated its willingness to inflict severe sanction to the market to meet its regulatory goals.

In last week’s European worst performers we also find six ETCs (Exchange-Traded Commodities) tracking Platinum, while in Americas there is only one ETF tracking this commodity. Platinum is a precious metal used in automobile, jewelry, and electronics. It is one of the rarest elements on Earth. The price of this metal plunged last week, and the European Xtrackers Physical Platinum ETC lost -5.24%. In Americas, the Aberdeen Standard Physical Platinum Shares ETF lost -5.23%.

The fast spreading of the delta Covid-19 variant is threatening global growth recovery, which could weaken the demand for goods composed of platinum such as cars and luxury jewelry. The anticipation of a potential decrease in demand has made prices fall.

Bottom 10 ETFs of the Week: China Tech ETFs and Platinum ETFs

Europe

• KraneShares CSI China Internet UCITS ETF: -9,90%
• 21Shares Binance Coin ETP: -6,35%
• Rize Education Tech and Digital Learning UCITS ETF: -6,05%
• Xtrackers Physical Platinum EUR Hedged ETC: -5,24%
• UBS ETF Solactive China Technology UCITS ETF: -5,16%
• Swisscanto Precious Metals - Physical Platinum: -4,97%
• WisdomTree Physical Platinum ETC: -4,94%
• UBS ETF (CH) – Platinum: -4,94%
• GPF Physical Platinum ETC: -4,94%
• iShares Physical Platinum ETC: -4,94%

Americas

• KraneShares CSI China Internet ETF: -10,27%
• Invesco Golden Dragon China ETF: -7,72%
• BMO China Equity Index ETF: -7,40%
• CHNTRAC 11 ETF: -6,67%
• ISHARES SILVER BULLION ETF: -6,61%
• Global X NASDAQ China Technology ETF: -6,32%
• Global X Education ETF: -6,13%
• Davis Select International ETF: -5,90%
• Global X Emerging Markets Internet & E-commerce ETF: -5,63%
• Aberdeen Standard Physical Platinum Shares ETF: -5,23%

Keep reading the Best ETFs of the Week here.

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