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KraneShares launches Emerging Markets Healthcare ETF

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Krane Funds Advisors has launched the KraneShares Emerging Markets Healthcare Index ETF (KMED) which is designed to track the performance of companies engaged in the healthcare sector in various emerging markets. 

The issuers include small-cap, mid-cap, and large-cap companies involved in biotechnology, pharmaceuticals, hospital management, healthcare management, and other sub-industries.
 
“In emerging markets, rapid urbanisation and rising income are fuelling growth in demand for healthcare,” says Jonathan Krane, Chief Executive Officer of KraneShares. “We believe this a strong growth trend across broad emerging markets.”
 
By 2040, emerging market countries on average are projected to increase healthcare spending as a percentage of GDP by 24.4 per cent compared to just 9.8 per cent in developed markets over the same time period. Healthcare expenses now comprise the largest segment of household consumption in China, which has the second largest healthcare market globally. At the same time, healthcare expenditure as a percentage of GDP lags in developed markets in both China and broader emerging markets, indicating there is significant room for growth in the sector.
 
“Emerging market healthcare companies are global growth leaders in areas including biologics, hospital administration, pharmaceuticals, and medical equipment manufacturing,” says Brendan Ahern, Chief Investment Officer of KraneShares. “Additionally, the emerging market healthcare sector has a low correlation to US healthcare equities. We believe KMED can help investors diversify their US healthcare sector or emerging market allocations.”

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