KEMQ: KraneShares listed EM Consumer Tech ETF

Krane Funds Advisors, LLC, begun trading a EM Consumer Tech ETF, the KraneShares Emerging Markets Consumer Technology ETF (NyseArca: KEMQ), on Thursday, October 12, 2017.  Here is a synopsis of the new ETF:



Symbol: KEMQ    Exchange: NYSE ARCA
Name: KraneShares Emerging Markets Consumer Technology ETF Net Expense Ratio: 0.79%



The KraneShares Emerging Markets Consumer Technology ETF seeks to provide investment results that, before fees and expenses, track the price and yield performance of the Solactive Emerging Market Consumer Technology Index.
Under normal circumstances, the Fund will invest at least 80% of its total assets in components of  the  Underlying  Index, depositary  receipts, including American  depositary  receipts  (ADRs), representing such components and securities underlying depositary receipts in the Underlying Index.

The Solactive Emerging Market Consumer Technology Index  is composed of the equity securities of the 50 companies with the largest market capitalization that are headquartered in emerging market countries and focuses on issuers engaged in the consumer sectors that meet the Underlying Index’s requirements. Issuers eligible for inclusion in the Underlying Index must be classified under the FactSet Revere Business Industry Classification system as engaged in one or more industries identified by the Underlying Index as being consumer technology oriented. The Underlying Index components will be weighted according to their market capitalization, except that the top 6 issuers included in the Underlying Index  will  not  represent  more  than  10%, 9%, 8%, 7%, 6%  and  4%  of  the  Underlying  Index, respectively, at the time of each Underlying Index rebalance.

The  Underlying  Index  defines  emerging  market  countries  as  including Argentina, Brazil, Chile, China, Colombia, the Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Mexico, Malaysia, Peru, the Philippines, Poland, Qatar, Russia, South Africa, South Korea, Taiwan, Thailand, Turkey and the United Arab Emirates. Securities of Indian companies are only eligible for inclusion in the Underlying  Index  if  listed American  depositary  receipts  (ADRs)  or  global  depositary  receipts (GDRs) are available for them and meet the Underlying Index’s requirements. The Underlying Index excludes stocks whose primary listing exchange is the Shanghai or the Shenzhen Stock Exchange or that are primarily traded over the counter.

Useful Links:
KEMQ Home Page


Category: Equities> Emerging Equity Markets> EM Equity Sectors

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