KraneShares, the exchange traded funds issuer known for its lineup of China-focused funds, Wednesday introduced an ETF tracking emerging markets healthcare companies.
The KraneShares Emerging Markets Healthcare Index ETF (NYSEARCA: KMED) is the newest addition to the KraneShares lineup.
“KMED is designed to track the performance of companies engaged in the healthcare sector in various emerging markets. The issuers include small-cap, mid-cap, and large-cap companies involved in biotechnology, pharmaceuticals, hospital management, healthcare management, and other sub-industries,” according to a statement from New York-based KraneShares.
The KraneShares Emerging Markets Healthcare Index ETF is the second ETF with a healthcare focus in the KraneShares stable. Earlier this year, the firm introduced the KraneShares MSCI All China Health Care Index ETF (NYSEArca: KURE).