“We are a Chinese investment bank with unique international DNA,” Mingjian Bi, Acting Chairman and Chief Executive Officer of CICC, said in a note. “Our entry into the U.S. asset management and ETF industry with KraneShares’ platform represents a remarkable opportunity for us to provide high quality investment products and services to our clients, including individuals, advisors, and institutions, domestically and overseas. We are excited to have this opportunity to significantly grow KraneShares and the CICC business in the United States and globally.”
KraneShares offers a line of China-related ETFs, along with a broad emerging market option, including the KraneShares CSI China Internet Fund (NasdaqGM: KWEB), KraneShares Bosera MSCI China A ETF (NYSEArca: KBA), KraneShares CSI New China ETF (NYSEArca: KFYP), KraneShares E Fund China Commercial Paper ETF (NYSEArca; KCNY) and KraneShares FTSE Emerging Markets Plus ETF (BATS: KEMP).
For more information on the ETF industry, visit our current affairs category.