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:
FUND INFORMATION:
| Symbol: KEMQ | Exchange: NYSE ARCA |
| Name: KraneShares Emerging Markets Consumer Technology ETF | Net Expense Ratio: 0.79% |
FUND OBJECTIVE:
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.
REFERENCE 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