The MSCI China A Index was launched in May 2005. Its components have an average market value of $1.75 billion with a price-to-book ratio of 1.58 and dividend yield of 2.34%, according to MSCI data.
KBA will allocate less than a third of its weight to financial services stocks, well below the weight to the sector in some China ETFs that hold Hong Kong-listed shares. Industrial and consumer discretionary names combine for 29% of the new ETF’s weight.
The other KraneShares ETFs are the high-flying KraneShares CSI China Internet Fund (NasdaqGM: KWEB) and the KraneShares CSI China Five Year Plan ETF (NYSEArca: KFYP), both of which debuted last year and have already shown a penchant for topping some older China funds. [Overlooked China ETF Soars]
Chart Courtesy: Krane Shares, MSCI