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China’s economic outlook has been uncertain due to real estate concerns, but China investing remains a popular choice for investors worldwide. The KraneShares China Internet and Covered Call Strategy ETF (KLIP) offers a unique approach to Chinese internet stocks, making it an appealing option for investors. The fund tracks the CSI Overseas China Internet index and also sells call options on the total portfolio. This strategy aims to reduce volatility and generate income compared to its reference index. KLIP takes a fund-of-fund approach, with the KraneShares CSI Internet ETF (KWEB) as its primary asset. Despite China’s volatile economy, KLIP has seen significant investor interest, with $61 million added in the last three months, bringing its AUM to over $115 million. For investors seeking exposure to China that can benefit from its instability, KLIP is worth considering.