KraneShares repurposes emerging markets plus ETF

Jul 17th, 2018 | By | Category: Equities

KraneShares, a New York-based China-focused ETF issuer, has announced significant changes to the KraneShares FTSE Emerging Markets Plus ETF (KEMP US), including a new index, name, listing venue and ticker.

KraneShares makes changes to emerging markets plus ETF

KraneShares is changing the index, fund name, and listing venue of the KraneShares FTSE Emerging Markets Plus ETF (KEMP US).

Effective on or around 1 August 2018, the fund will begin tracking the MSCI China All Shares Index instead of the current FTSE Emerging incl China Overseas non-R/QFII GDP Weighted Index.

To reflect the change in index, the ETF will be renamed to the KraneShares MSCI China All Shares Index ETF (KALL US)

It will also migrate from Cboe BZX to NYSE Arca.

According to the firm, the fund is moving to NYSE in order to remain consistent with the rest of KraneShares ETFs.

The current index provides broad exposure to emerging markets and consists of a combination of the FTSE Emerging Index, the FTSE China A Index and the FTSE China Overseas Index. It was created to prepare market participants for the future inclusion of China A-shares in FTSE’s standard indices and reflect the economic importance of China as opposed to the size of its equity market.

The new index, the MSCI China All Shares Index, focuses solely on China and captures large- and mid-cap representation across China A‐shares, B‐shares, H‐shares, Red‐chips, P‐ chips and foreign listings (e.g. ADRs). The index aims to reflect the opportunity set of China share classes listed in Hong Kong, Shanghai, Shenzhen and outside of China. It is based on the concept of the integrated MSCI China equity universe with China A-shares included.

The fund has just under $2.5m in AUM and total annual fund operating expenses of 0.72% (net)

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