london stock exchange welcomes kraneshares celebrating its csi china internet ucits etf (KWEB)
London Stock Exchange today welcomed Krane Funds Advisors, LLC, (“KraneShares”), a global asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, to the main market of the London Stock Exchange to commemorate the listing of KraneShares CSI China Internet UCITS ETF (Ticker: KWEB). The fund tracks the CSI Overseas China Internet Index, the same benchmark and strategy as KraneShares’ flagship $1.8 billion1 New York Stock Exchange-listed China internet ETF, which has over a five-year track record.
"We are seeing significant client demand for a China-focused Internet UCITS ETF in the European market," said Jonathan Krane CEO of KraneShares. "We are excited to partner with the London Stock Exchange and bring KWEB to Europe."
The KraneShares CSI China Internet UCITS ETF2 provides investors with exposure to Chinese internet companies that benefit from increasing domestic consumption and the rise of internet, E-Commerce, and mobile technology across China. Key constituents include Tencent, Alibaba, Baidu, JD, Weibo, etc. The fund is available to trade in USD: Ticker KWEB.
China has the largest global internet population with 802 million3 Internet users, comprising 21.1%4 of world Internet users. With an internet penetration rate of just 57.7%5, there is still considerable room for growth in China’s Internet sector. Additionally, China is the world leader in total E-Commerce sales. In 2017, online sales in China reached $1.14 trillion6, or nearly 50% of the total $2.3 trillion E-Commerce sales worldwide7.
About Krane Funds Advisors, LLC:
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 provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. We help investors stay current on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC is majority owned by China International Capital Corporation (CICC), a leading investment bank in China.
For more information please visit: www.kraneshares.com
1 Data from KraneShares as of 22 January 2019
2 Authorised by the Central Bank of Ireland
3 Authorised by the Central Bank of Ireland
4 CNNIC, The 42nd Statistical Report on the Development of China’s Internet, Jun 30, 2018. Retrieved on 13 November 2018.
5 Data from internetlivestats.com as of 12/31/2016. Retrieved 11/13/2018.
6 National Bureau of Statistics in China, “Total Retail Sales of Consumer Goods in December 2017” 1/25/2018. Note: Figures converted from Chinese Renminbi to USD.
7 eMarketer Report, “Worldwide Retail and Ecommerce Sales: eMarketer's Updated Forecast and New Mcommerce Estimates for 2016—2021”. Retrieved on 11/13/2018.