LONDON, Nov. 19, 2020
LONDON, Nov. 19, 2020 /PRNewswire/ -- Krane Funds Advisors, LLC, ("KraneShares"), a global asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, today announced that assets under management (AUM) in its flagship KraneShares CSI China Internet UCITS ETF (LSE: KWEB) have grown 420% year-to-date, surpassing $250 million in November, while KraneShares' global firm assets exceeded $6 billion.1
KWEB LN seeks to capture the compelling growth potential of China's leading, innovation-driven internet companies. China internet stocks are having a banner year, outperforming not only broad China and Emerging Markets but also the US markets. Year-to-date, KWEB's Index has returned 54.48%, compared to the MSCI China Index at 26.37%, the MSCI Emerging Markets Index at 10.11%, and the S&P 500 Index, which has returned 13.55%.1
In response to demand, KraneShares launched British Pound (LSE: KWBP) and Euro (LSE: KWBE) share classes of KWEB LN.
"As KWEB LN achieves its two-year track record this November, we are pleased to see AUM growth in the strategy is strong," said Dr. Xiaolin Chen, Head of International at KraneShares. "The two additional share classes allow UK and European clients to invest in the strategy based on their currency preferences."
Additionally, KWEB LN continues to expand its investment universe with Lufax Holdings' (LU) inclusion in the Fund on 13th November 2020. Lufax is in an online peer-to-peer internet finance marketplace backed by China's financial giant Ping An Insurance Group.
"The strong asset growth we have seen this year speaks to the vibrancy and growth potential of the China Internet sector," said Jonathan Krane, CEO of KraneShares. "At the same time, there are several initial public offerings on the horizon, like Lufax, that are getting investors excited about the sector. Now with GBP and EUR share classes, our clients have more options to invest in KWEB LN."
Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. The firm focuses on providing investors with strategies to capture China's importance as an essential element of a well-designed investment portfolio. KraneShares ETFs represent innovative, first-to-market strategies developed based on the firm and its partners' in-depth knowledge of investing. These strategies allow investors to stay current on global market trends and provide meaningful diversification. Krane Funds Advisors, LLC is majority-owned by China International Capital Corporation (CICC).
*UCITS: Undertakings for Collective Investment in Transferable Securities
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting www.kraneshares.eu. Read the prospectus carefully before investing.
This information is being communicated by KraneShares, which is an appointed representative of DMS Capital Solutions UK Limited, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom under the reference number 503325.
Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. The Funds are 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. Internet companies are subject to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, evolving industry standards and frequent new product productions. Such changes may have an adverse impact on performance.
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