NEW YORK, Jan. 19, 2018 /PRNewswire/ -- Krane Funds
Advisors, LLC, ("KraneShares") a U.S. asset management firm known
for its China focused KraneShares
exchange traded funds (ETFs) and innovative China investment strategies, announced the
launch of the KraneShares Electric Vehicles and Future Mobility ETF
(Ticker: KARS) listed on the NYSE. KARS is focused on the
fast-growing electric vehicle industry and the expanding
technologies shaping the future of transportation and mobility.
KARS holds globally listed companies involved in the entire future
mobility ecosystem, including: Electric Vehicle production,
Autonomous Driving, Shared Mobility, lithium and copper production,
lithium-ion batteries, hydrogen fuel cell manufacturing and
electric infrastructure businesses.
McKinsey & Company has classified Future Mobility into four
categories: Autonomous Driving, Connectivity, Electrification, and
Shared Mobility. These categories have developed into popular
global business trends due to the enhanced convenience,
cost-effectiveness, improved safety and pollution reduction
benefits they can provide. The shift toward future mobility
technologies is occurring rapidly. 54% of new car sales and 33% of
the global car fleet are projected to be electric by
20401. The global electric vehicle market is projected
to command $2.7 trillion of total
investment before 20402. Autonomous vehicles and the
resulting "passenger economy" are projected to generate a
cumulative $8 trillion in global
service revenues by 20503.
Future mobility initiatives are gaining particularly strong
momentum in China as the country
moves to address pollution concerns and a rapidly urbanizing
population. "China is currently
the world's largest electric vehicle market1. Chinese
companies like Baidu are developing Artificial Intelligence
necessary for Autonomous Driving, and BYD is a world leader in
electric vehicles and electric battery manufacturing," said
Jonathan Krane, CEO of KraneShares.
"Global companies within the future mobility ecosystem such as
Tesla, Nividia, and Albemarle Corporation are also capitalizing on
strong demand from Chinese and global consumers."
KARS tracks the Solactive Electric Vehicles and Future Mobility
Index. The index tracks companies listed globally including
companies listed on the Shanghai
and Shenzhen Stock Exchanges (A-shares). Example constituents and
weightings in the index as of January
2018 include: Nvidia4, Baidu5,
Daimler6, Tesla7, Samsung SDI8,
BYD9, and Galaxy Resource10.
About Krane Funds Advisors, LLC:
Krane Funds Advisors, LLC is the investment manager for
KraneShares ETFs. Our suite of China focused ETFs provides investors with
solutions to capture China's
importance as an essential element of a well-designed investment
portfolio. We strive to provide innovative, first to market
strategies that have been developed based on our strong
partnerships and our deep knowledge of investing. We help investors
stay up to date on global market trends and aim to provide
meaningful diversification. Krane Funds Advisors, LLC is majority
owned by China International Capital Corporation (CICC).
The Fund's holdings are subject to change. Click here for full
fund holdings.
- Data from Bloomberg New Energy Finance as of 7/06/2017
- Morgan Stanley Research. "The EV Infrastructure 55: A
Diversified Way to Play a Critical Enabler in the EV Theme." Morgan
Stanley. 10/17/2017
- Lanctot, Roger. "Accelerating The Future: The Economic Impact
of the Emerging Passenger Economy." Strategy Analytics.
June 2017.
- Nvidia index weight as of 01/09/2018, 3.8%
- Baidu index weight as of 01/09/2018, 3.6%
- Daimler index weight as of 01/09/2018, 3.5%
- Tesla index weight as of 01/09/2018, 3.4%
- Samsung SDI index weight as of 01/09/2018, 1.6%
- BYD index weight as of 01/09/2018, 1.5%
- Galaxy Resource index weight as of 01/09/2018, 0.9%
Carefully consider the Funds' investment objectives, risk
factors, charges and expenses before investing. This and additional
information can be found in the Funds' full & summary
prospectus, which may be obtained here:
KARS. Read the prospectus carefully before
investing.
Investing involves risk, including possible loss of principal.
There can be no assurance that a Fund will achieve its stated
objectives. ETF shares are not redeemable with the issuing fund
other than in large Creation Unit aggregations. Instead, investors
must buy or sell ETF Shares in the secondary market with the
assistance of a stockbroker. In doing so, the investor may incur
brokerage commissions and may pay more than net asset value when
buying and receive less than net asset value when selling. The NAV
of the Fund's shares is calculated each day the national securities
exchanges are open for trading as of the close of regular trading
on the New York Stock Exchange ("NYSE"), normally 4:00 p.m. Eastern time (the "NAV Calculation
Time"). Shares are bought and sold at market price (closing price)
not NAV. Market price returns are based on the midpoint of the
bid/ask spread at 4:00 pm Eastern
Time (when NAV is normally determined).
The Fund is subject to political, social or economic instability
within China which may cause
decline in value. Fluctuations in currency of foreign countries may
have an adverse effect to domestic currency values. Emerging
markets involve heightened risk related to the same factors as well
as increase volatility and lower trading volume Narrowly focused
investments typically exhibit higher volatility.
The ability of the fund to achieve its objective is dependent,
in part, on the continuous availability of A Shares and the ability
to obtain, if necessary, additional A Shares quota. If a Fund is
unable to obtain sufficient exposure to limited availability of A
Share quota, the Fund could seek exposure to the component
securities of the Underlying Index by investment in other types of
securities. The fund may in invest in derivatives, which are often
more volatile than other investments and may magnify the Funds'
gains or losses. The fund is non-diversified.
Indices are unmanaged and do not include the effect of fees. One
cannot invest directly in an index.
The KraneShares ETFs are distributed by SEI Investments
Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with
Krane Funds Advisors, LLC, the Investment Adviser for the Fund.
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SOURCE Krane Funds Advisors, LLC