KraneShares Lists Electric Vehicles UCITS ETF on the LSE

KraneShares Lists Electric Vehicles & Future Mobility ESG Screened UCITS ETF (Ticker: KARS) on the London Stock Exchange

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By ETFWorld.co.uk

Jonathan Krane, CEO of KraneShares

KARS is an index tracking passively managed UCITS ETF that seeks to measure the performance of Bloomberg Electric Vehicles ESG Screened Index. The fund is designed to track the performance of companies engaged in the production of electric vehicles and/or their components or engaged in other initiatives that may change the future of mobility. The Index includes issuers engaged in the electric vehicle production, autonomous driving, lithium and/or copper production, lithium-ion/lead acid battery production, hydrogen fuel cell manufacturing and/or electric infrastructure businesses. Companies involved in ESG controversies and controversial business activities are excluded.

KARS Features:

    Access to global companies that operate in all areas of new transportation methods, passenger and freight, including electric vehicles, autonomous vehicles and shared mobility.

    Exposure to companies that lead the development of vehicle connectivity like Internet of Vehicles (IoV) and Intelligent mobility.

    Exposure to the growth brought on by increased demand for lithium-ion battery and non-ferrous metals like lithium due to electric vehicle adoption.

    Exposure to equities listed in Mainland China, currently the world’s largest electric vehicle market.

Future Mobility Sector Highlights:

    57% of new car sales and over 30% of the global car fleet are projected to be electric by 2040.

    The global electric vehicle (EV) market was valued at $162 billion in 2019 and is projected to reach $803 billion by 2027.

    The global electric vehicle market is projected to command $2.7 trillion of total investment before 2040.

    Autonomous vehicles and the resulting ”passenger economy” are projected to create $8 trillion of value in the global economy.

Source : ETFWorld.co.uk