KraneShares MSCI China ESG Leaders Index ETF [KESG] Stock Forecast

The IMF, the World Bank, and the United Nations all rank China and Japan as the second and third largest economies on the planet. More of what is occurring in the markets should reflect what is happening in China and Japan which are strongly linked economically.

As highlighted by a year-to-date loss of 8.61% for the MSCI China Index — far worse than the decline experienced by the MSCI Emerging Markets Index — Chinese equities are struggling in 2023. There's a silver lining to the current slump being endured by Chinese stocks and related ETFs.

China continues to strive towards self-reliance, and its premier reaffirmed that notion recently. This should give bullish tones for a pair of KraneShares exchange traded funds (ETFs).

Amid fears that the Chinese economy, the world's second-largest, is showing signs of weakness, stocks there are pulling back. That's ominous to be sure, but it doesn't imply investors have the luxury of ignoring this mammoth economy over the long-term.

When it comes to environmental, social, and governance (ESG) being part of the corporate lexicon and mentions on earnings calls and in regulatory reports, it's not a stretch to say that Western economies, including Europe and the U.S., are leaders.

China's central bank tries new stimulus efforts to boost slowing growth. Why unemployment is proving to be key to China's economic troubles.

China continues to push towards its aggressive goals of carbon neutrality. That should translate into strength for thematic exchange-traded funds focusing on environmental, social, and governance (ESG) with country-specific exposure to China.

BYD, an electric vehicle manufacturing behemoth in China and the second largest global EV company, estimates that its 2022 net income hit a record 17 billion yuan ($2.5 billion USD) in an initial filing with the Shenzhen Stock Exchange, reported Bloomberg.

China has drastically eased its Covid-19 measures. Both domestic mobility and international traffic should increase in 2023.

Most global economists feel that any recovery in China could be more U-shaped than V-shaped. The 2022 Chinese economy can best be described as a spluttering car engine.

KraneShares MSCI China ESG Leaders Index ETF is a US stock and trading under the symbol KESG

KraneShares MSCI China ESG Leaders Index ETF stock price is $16.81 today.

Yes, KraneShares MSCI China ESG Leaders Index ETF is a publicly traded company.