KraneShares, the exchange traded funds issuer known for its lineup of China-focused funds, Wednesday introduced an ETF tracking emerging markets healthcare companies.
“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).