KraneShares, an investment company with a penchant for creating China-focused ETFs, just added a second fixed-income product to their roster–the KraneShares CCBS China Corporate High Yield Bond USD Index ETF (KCCB), which tracks an index that covers high-yield corporate debt from companies located in China.

Key features of the ETF:

  • An expense ratio of 0.69 percent
  • It will be listed on the NYSEArca exchange
  • Underlying index it tracks includes high-yield debt
  • Issues included must be at least 40 days old with two to five years of remaining maturity or no maturity date at all
  • Issues must also have not defaulted and have a par value of $300 million
  • Issues must be unrated by the Fitch and Moody’s ratings services or be rated as junk debt by at least one of them, the prospectus notes.
  • The issuer must have at least $1 billion in public debt outstanding

This isn’t KraneShares’ maiden voyage into the markets of the world’s second largest economy. It already has other China-focused ETFs, such as the third largest in terms of total assets–KraneShares CSI China Internet ETF (NYSEArca: KWEB). In addition, there are the KraneShares Bosera MSCI China A ETF (NYSEArca: KBA) and KraneShares MSCI China Environment ETF (NYSEArca: KGRN) to name just a couple more.

Related: 3 VIX ETFs Surge as U.S., China Trade War Escalates

The junk bond ETF comes at a time when trace concerns are roiling Chinese and U.S. markets, but nonetheless, experts are seeing an increased appetite for risk. The KCCB ETF should help keep these investors appeased for the time being, especially if their voraciousness includes high-yield Chinese investments.

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