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KraneShares launches China internet ETF


Krane Funds Advisors, a provider of China-focused exchange-traded funds, has launched the KraneShares CSI China Internet ETF, providing exposure to Chinese internet and internet-related companies.

"KraneShares CSI China Internet ETF provides US investors with an opportunity to gain exposure to China’s growing internet sector with the cost efficiencies of ETF investing," says Brendan Ahern, managing director of KraneShares. "We see two powerful demographic trends driving China’s internet sector: since 2000, internet spending by urban Chinese has increased 14 per cent annually, and China’s rural population continues to migrate to urban areas, further fueling internet usage."
Ahern cites a McKinsey & Company report that stated China E-Tailing accounted for USD190bn in sales in 2012 and could reach as much as USD650bn by 2020.
KraneShares is partnering with China Securities Index Co. of Shanghai as the index provider for the ETF.
“We believe the China Internet sector offers an excellent opportunity for US investors. There are approximately 600 million internet users in Mainland China. Chinese internet company market capitalizations now rival the largest US and global industry leaders, along with the potential for Chinese internet IPOs to come later this year, this is definitely a sector that warrants attention,” says Dr Zhigang Ma, general manager of China Securities Index Co.
The fund’s benchmark is the CSI Overseas China Internet Index. Krane Funds Advisors, serves as the investment adviser to the fund.

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