“China is outpacing other world leaders in growth of electric power capacity from renewable technologies,” KraneShares said.

Related: A Cheap Way for Bond ETF Investors to Diversify

China is the world leader in total renewable energy capacity at 28% of total global capacity. Beijing is expected to spend $360 billion on renewable energy and achieve 50% commercial green building certification by 2020, which would create as much new renewable energy as the entire U.S. electricity system.

“China has a proven track record of achieving ambitious long term renewable energy goals set forth within The Five Year Plan,” according to KraneShares.

KGRN’s sector weights include consumer discretionary 8.3%, real estate 27.1%, information technology 13.5%, industrials 16.7% and utilities 34.5%.

For more information on new fund products, visit our new ETFs category.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.