KraneShares, an exchange traded fund provider known for its China theme, has expanded on its suite with a new ETF to track the Chinese health care industry.
On Thursday, KraneShares launched the KraneShares MSCI All China Health Care Index ETF (NYSEArca: KURE), which comes with a 0.79% expense ratio.
The KraneShares MSCI All China Health Care Index ETF will try to reflect the performance of the MSCI China All Shares Health Care Index, which is comprised of the various China share classes from Chinese companies engaged in the healthcare sector.
According to a prospectus sheet, the underlying index includes all types of publicly traded shares of Chinese issuers, including A-Shares, B-Shares, H-Shares, P-Chips and Red Chips – the portfolio essentially includes companies listed on Mainland China, Hong Kong and the U.S. Furthermore, the Chinese health care companies must be classified under the Global Industry Classification Standard. The index may also include small-, mid- and large-cap companies.