LONDON, May 26, 2022 /PRNewswire/ — Krane Funds Advisors, LLC, (“KraneShares”), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, today announced the launch of the KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF (Ticker: KARS). KARS tracks the Bloomberg Electric Vehicles ESG Screened Index, which is constructed through a rigorous basket identification process powered by Bloomberg Intelligence (BI), which includes over 350 research professionals, as well as research from Bloomberg New Energy Finance (BNEF).
“KARS is focused on the fast-growing electric vehicle industry and the expanding list of technologies shaping the future of transportation and mobility,” said Anthony Sassine, CFA, Senior Investment Strategist at KraneShares. “KARS holds globally listed companies involved in the entire future mobility ecosystem, including electric vehicle production, autonomous driving, shared mobility, lithium & copper production, lithium-ion batteries, hydrogen fuel cell manufacturing and electric infrastructure.”
The adoption of future mobility technologies is occurring rapidly. 54% of new car sales and 33% of the global car fleet are projected to be electric by 20401. Meanwhile, the global electric vehicle market is projected to command $2.7 trillion of total investment before 20402. Autonomous vehicles and the resulting “passenger economy” are projected to generate a cumulative $8 trillion in global revenues by 20503.
“We are pleased to launch our flagship electric vehicle & future mobility ETF, KARS, for UCITS investors,” said Dr. Xiaolin Chen Head of International at KraneShares. “KARS provides diversified geographic exposure to the world’s electric vehicle leaders, including China, Europe, and the US respectively. We believe global electric vehicle adoption will be a multi-decade secular investment opportunity that UCITS investors can now access through our KARS UCITS ETF.”
“We are in the early phase of a multi-decade global mega-trend with electric vehicle and future mobility adoption,” said Jonathan Krane, CEO of KraneShares. “KARS provides pure exposure to this opportunity with less than 3% overlap to the MSCI ACWI global equity index4.”
KARS has an Article 8 EU Sustainable Finance Disclosure Regulation (SFDR) product classification. This classification means that, in line with its Index methodology, KARS invests in companies that promote environmental or social characteristics, or a combination of those characteristics, and that companies within its holdings follow good governance practices.
For more information on the KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF visit: kraneshares.eu/karsln
About KraneShares
Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Our suite of China-focused ETFs provides investors with solutions to capture China’s importance as an essential element of a well-designed investment portfolio. We strive to deliver innovative, first-to-market strategies developed based on our strong partnerships and deep investing knowledge. We help investors stay current on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC, is a signatory of the United Nations-supported Principles for Responsible Investing (UN PRI). The firm is majority-owned by China International Capital Corporation (CICC).
Disclaimers:
This is a marketing communication. Please refer to the prospectus of the UCITS and to the KIID before making any final investment decision.
Citations:
Data from Bloomberg New Energy Finance & International Energy Agency as of 8/Mar/2022.Morgan Stanley Research. “The EV Infrastructure 55: A Diversified Way to Play a Critical Enabler in the EV Theme.” Morgan Stanley. 17/Oct/2017. Retrieved 8/Mar/2022.Lanctot, Roger. “Accelerating The Future: The Economic Impact of the Emerging Passenger Economy.” Strategy Analytics. June 2017. Retrieved 8/Mar/2022.Data from Morningstar, KraneShares as of 31/Dec/2021
Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. The Funds are subject to political, social or economic instability within China which may cause decline in value. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume.
This material is for information only and does not constitute an offer or recommendation to buy or sell any investment, or subscribe to any investment management or advisory service. It is not, under any circumstances, intended for distribution to the general public. This information constitutes a financial promotion under section 21 of the Financial Services and Markets Act 2000 (“FSMA”). In relation to the United Kingdom, this information is only directed at, and may only be distributed to, persons who are “Investment Professionals” (being persons having professional experience in matters relating to investments) within the meaning of article 19(5) of the FSMA (Financial Promotion) Order 2005 (the “Financial Promotion Order “), persons to whom any of paragraphs (2)(a) to (d) of article 49 (high net worth companies, unincorporated associations etc.) of the financial promotion order apply, or persons to whom distribution may otherwise lawfully be made.
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Krane Funds Advisors, LLC is appointed to act as investment manager in accordance with the requirements of the Central Bank. Waystone Management Company (IE) Limited is appointed to provide management services to the ICAV in accordance with the requirements of the Central Bank. The Management Company may decide to terminate the arrangements made for the marketing of the Fund in accordance with Article 93a of Directive 2009/65/EC.
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