Innovation Shares, a sponsor of thematic ETFs, has unveiled the Innovation Shares NextGen Vehicles & Technology ETF (EKAR US) on the NYSE Arca. The fund uses an Artificial Intelligence (AI) stock selection approach to track the global electric and driverless vehicles market.
KraneShares, a New York-based China-focused ETF issuer, has launched the KraneShares Electric Vehicles and Future Mobility ETF (KARS US) on NYSE Arca, providing thematic exposure to the fast-growing electric vehicle industry and the technologies shaping the future of transportation.
KraneShares has released further commentary on its recently launched thematic ETF – the KraneShares MSCI China Environment ETF (KGRN US) – which provides access to Chinese companies involved in producing environmentally beneficial products and services. Speaking about the investment case for the ETF, Jonathon Krane, CEO of KraneShares, said, “We believe Chinese companies focused on contributing to a more environmentally sustainable economy may potentially benefit from this focused initiative.”
Frankfurt-based index provider Solactive has launched the Solactive Emerging Markets Consumer Technology Index, providing exposure to the growing role of internet technology and e-commerce in emerging markets. The index will underlie a new ETF launched by KraneShares on the NYSE Arca.
KraneShares has launched the KraneShares MSCI China Environment ETF (NYSE Arca: KGRN). The ETF provides exposure to companies in China’s fast-growing environmental protection industry that has rapidly grown to be the largest renewable energy market in the world.
KraneShares has launched the KraneShares MSCI One Belt One Road ETF (NYSE Arca: OBOR) which invests in strategic companies from countries participating in China’s One Belt One Road initiative, an infrastructure-focused long-term modernization of the original Silk Road trading routes. Jonathan Krane, CEO at KraneShares, commented: “The OBOR initiative will receive trillions of dollars of investment over the next decade and should increase the economies and trade of both China and the participating nations.”
China International Capital Corporation (CICC) has signed a definitive agreement to acquire a 50.1% majority stake in Krane Funds Advisors (KraneShares), a US asset management firm best known for its China focused ETFs. Mingjian Bi, acting chairman and CEO of CICC, said: “We are excited to have this opportunity to significantly grow KraneShares and the CICC business in the United States and globally.”
KraneShares, a New York-based exchange-traded fund provider focused on China, has unveiled its latest ETF: the KraneShares FTSE Emerging Markets Plus ETF (BATS:KEMP). Listed on BATS Exchange, the new ETF is linked to the newly launched FTSE Emerging incl China Overseas non-R/QFII GDP Weighted Index. The index is weighted by gross domestic product (GDP) and includes China A-Shares and China N-Shares. It has an overweight to China (48% total weight) and India (17% total weight) – a 23% and 5% higher allocation than the FTSE Emerging Index, respectively.
FTSE Group has expanded its range of GDP weighted indices with the introduction of the FTSE Emerging incl. China Overseas non-R/QFII GDP Weighted Index. The new index is composed of emerging markets and Chinese equities including China A-shares, N-shares and S-chips, which are weighted by GDP rather than market capitalisation. Commenting, Mark Makepeace, Chief Executive, FTSE Group, said: “The inclusion of mainland Chinese stocks (A-shares) in international portfolios will have a sizable impact in the future, and FTSE remains committed to helping market participants prepare for this change through the development of new benchmarks.”
Source, one of Europe’s largest exchange-traded fund (ETF) issuers, has listed a physically replicated Chinese A-shares ETF on the London Stock Exchange. The listing follows hot on the heels of an announcement from Deutsche Asset & Wealth Management (DeAWM), which plans to list a similar product on 16th January.