fund

Krane Funds Advisors targets China's unicorns with ETF launch


KSTR tracks the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board 50 Index

KSTR tracks the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board 50 Index

Krane Funds Advisors listed its KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF on the London Stock Exchange today (25 May), offering investors exposure to China’s future leading companies.

KSTR is the first UCITS ETF that tracks the Shanghai Stock Exchange STAR 50 Technology and Innovation index, which comprises the 50 largest securities listed on SSE Science and Technology Innovation Board (STAR Market) as determined by market capitalisation and liquidity.

The STAR Market includes companies from industries such as new-generation information technology, biomedicine, new energy and environmental protection.

Invesco launches China all shares ETF

Jonathan Krane, CEO of KraneShares, said: “We believe KSTR represents companies that are China’s future leaders across industries powering the growth engine of China for decades to come.”

Since its establishment in July 2019, the STAR Market has become one of the largest IPO markets globally and a premier listing venue for Chinese “unicorns”. In just over a year, the STAR Market facilitated 200 companies to raise $44bn.

The increase in fund-raising activity on China exchanges last year is mainly attributable to new STAR Market listings, which accounted for 47% of capital raised across China’s Mainland A-Share market in 2020.

UBS AM eyes up robotics and automation firms with new China technology ETF launch

“We are very excited to bring the ‘Nasdaq of China’ investment solution to Europe. The KSTR fund presents an unprecedented opportunity for investors to access China’s onshore capital market,” Xiaolin Chen, head of International at KraneShares, said.

Read More   Pimco's Gupta Goes With Gut on FX as `Rich' Dollar Defies Models

“KraneShares is committed to continuously enriching and broadening investors’ access to China.”



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.