KraneShares Launches a Future Cars ETF

Krane Funds Advisors has come out with another targeted investment idea, launching an electric car-related ETF to help investors capitalize on improving technologies and the changing face of the transportation industry.

Krane Funds recently added the KraneShares Electric Vehicles and Future Mobility ETF (NYSEArca: KARS), which has a 0.69% expense ratio.

The new ETF may help investors capitalize on future mobility initiatives, notably those in China, with countries around the world rapidly urbanizing populations.

“China is currently the world’s largest electric vehicle market1. Chinese companies like Baidu are developing Artificial Intelligence necessary for Autonomous Driving, and BYD is a world leader in electric vehicles and electric battery manufacturing,” Jonathan Krane, CEO of KraneShares, said in a note. “Global companies within the future mobility ecosystem such as Tesla, Nividia, and Albemarle Corporation are also capitalizing on strong demand from Chinese and global consumers.”

The Electric Vehicles and Future Mobility ETF tries to reflect the performance of the Solactive Electric Vehicles and Future Mobility Index, which include companies that McKinsey & Company has classified as Future Mobility.