KraneShares Lists one new ETF on the LSE

KraneShares Lists KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF (Ticker: KSTR) on the London Stock Exchange

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By ETFWorld.co.uk

Jonathan Krane, CEO of KraneShares

KSTR seeks to track the performance of the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board 50 Index. The Index is comprised of the 50 largest companies listed on the SSE Science and Technology Innovation Board (STAR Market) as determined by market capitalization and liquidity.

STAR Market Highlights:

    Facilitates the fast-tracking of private science and technology companies to an initial public offering (IPO).

    Since its establishment in July 2019, the STAR Market has become one of the largest IPO markets globally1 and a premier listing venue for prominent Chinese unicorns (privately held startup companies valued at over $1 billion).

    Recent increases in fund-raising activity on Chinese exchanges can largely be attributed to the STAR Market, which accounted for 47% of capital raised across China’s Mainland A-Share market in 20202.

    Potential inclusion in the SSE Composite Index and Shanghai-Hong Kong Stock Connect could result in greater flows for STAR Market securities.

KSTR Features:

    Exposure to companies poised to be China’s future leaders across industries that could represent the growth engine of China for decades to come.

    Innovation-driven science and technology companies in China that offer a potential source of uncorrelated, long-term growth.

    Includes companies from industries such as new-generation information technology, biomedicine, new energy, and environmental protection.

Source : ETFWorld.co.uk