Overview

Performance

Holdings

Listings

Fund Documents

Overview

Investment Strategy:

The KraneShares MSCI China Clean Technology Index UCITS ETF (KGRN) is a passively managed fund that seeks to track the performance of the MSCI China IMI Environment 10/40 (USD Net) Index. The Index is comprised of securities that derive at least 50% of their revenues from environmentally beneficial products and services. The Index is based on four key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Pollution Prevention and Energy Efficiency. The Index aims to serve as a benchmark for investors seeking exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG). ​

KGRN has been classified as an Article 8 investment under the EU Sustainable Finance Disclosure Regulation (SFDR).

China’s Environmental Protection Highlights:

  • China is expected to remain the global leader in renewable energy over the next five years, accounting for almost half of new renewable power capacity from 2022-20271.
  • China allocated $607 million for its 2022 renewable power subsidy2 and is projected to have renewable energy account for over 40% of its electricity consumption by 20271.
  • China plans to hit peak emissions before 2030 and reach carbon neutrality by 20604. In 2021, China launched its national emission trading scheme (ETS)—now the largest carbon market in the world, which should help the country meet its emission reduction goals.
  • Historically, China has a proven track record of achieving ambitious long term renewable energy goals set forth within The Five-Year Plan.​

KGRN Features:

  • Access to China’s fast-growing environmental protection industry that has rapidly become the largest renewable energy market in the world1.
  • Exposure to companies that stand to benefit from China’s increased focus and spending on clean energy technologies.​
  • Benchmarked to an MSCI ESG Index: MSCI is the #1 Socially Responsible Investment (SRI) and corporate governance research firm for the last four years, as determined by the Extel & SRI Connect Independent Research in Responsible Investment (IRRI) Survey.​

1. EA, “Renewables 2021: Report Extract, Executive Summary,” retrieved on 30/Sep/2023.
2. Reuters, “China sets 2022 renewable power subsidy at $607 mln”, 15/Nov/2021, retrieved on 30/Sep/2023.
3. Bloomberg, “China Steps Up Its Push Into Clean Energy”, 26/Nov/2018, retrieved on 30/Sep/2023.
4. Reuters, “China pledges to achieve CO2 emissions peak before 2030, carbon neutrality before 2060 –Xi”, 22/Nov/2020, retrieved on 30/Sep/2023.​

Fund Details

Data as of 27/Nov/2023
Ticker KGRN
Primary SEDOL BQT53D1
Primary ISIN IE000Y61WD48
Net Assets $2,377,131
Total Annual Fund Operating Expense 0.78%
Inception Date 12/October/2023
Distribution Frequency Accumulating
SFDR Classification Article 8

Daily Performance

Data for USD share class as of 27/Nov/2023
Daily Net Asset Value (NAV)
NAV $23.77
NAV Daily Change -1.78%

Performance History

Cumulative %
Data for USD share class as of: 31/Oct/2023
Fund NAV Index
1 Month – –
3 Month – –
6 Month – –
YTD – –
Since Inception -5.64% -5.25%
Cumulative %
Data for USD share class as of quarter end: 30/Sep/2023
Fund NAV Index
Since Inception – –

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Topics:

Top 10 Holdings

Data as of 27/Nov/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 LI AUTO INC-CLASS A 10.51% 2015 KYG5479M1050 12,300 249,870
2 BYD CO LTD-H 8.40% 1211 CNE100000296 7,000 199,605
3 CONTEMPORARY A-A 7.52% 300750 CNE100003662 7,500 178,696
4 NIO INC - ADR 6.53% NIO US62914V1061 21,602 155,318
5 XPENG INC-A SHRS 5.73% 9868 KYG982AW1003 15,000 136,190
6 CHINA LONGYUAN-H 4.98% 916 CNE100000HD4 150,000 118,385
7 YADEA GROUP HOLDINGS LTD 4.88% 1585 KYG9830F1063 60,000 115,959
8 XINYI SOLAR HOLDINGS LTD 3.75% 968 KYG9829N1025 144,000 89,071
9 CRRC TIMES ELEC 3.24% 3898 CNE1000004X4 25,400 77,089
10 LONGI GREEN EN-A 2.86% 601012 CNE100001FR6 22,300 68,073

Holdings are subject to change.

Listings

Data as of 27/Nov/2023
Exchange Ticker Currency Listing Date SEDOL ISIN
London Stock Exchange KGRN LN USD 12/Oct/2023 BQT53D1 IE000Y61WD48
Deutsche Börse Xetra KGNE GY EUR 12/Oct/2023 BQT53D1 IE000Y61WD48
Borsa Italiana KGRN IM EUR 13/Oct/2023 BQT53D1 IE000Y61WD48

Each share class is offered in the base currency noted above. To the extent the fund holds exposure to any positions in a currency different to the base currency, that position is unhedged.

Fund Documents

©2023 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

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.

Narrowly focused investments typically exhibit higher volatility. Internet companies are subject to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, evolving industry standards and frequent new product productions. Such changes may have an adverse impact on performance.

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. You are accessing information which 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.

Any investment, and investment activity or controlled activity, to which this information relates is available only to such persons and will be engaged in only with such persons. Persons that do not have professional experience should not rely or act upon this information unless they are persons to whom any of paragraphs (2)(a) to (d) of article 49 apply to whom distribution of this information may otherwise lawfully be made.

The views and opinions expressed in this material are those of the authors Krane Fund Advisors. These opinions have been given in good faith but are subject to change without notice. It is the responsibility of the investor to evaluate the accuracy, completeness and usefulness of any opinions, advice, services, or other information provided.

This material may not be suitable for all investors. Any performance quoted represents past performance and is no guarantee of future results. Past performance is not indicative or a guarantee of future performance. Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information, including historical and the most recent month-end performance, can be found in the Fund Literature (Prospectus, Supplement, KIID, PRIIP), which may be obtained at our website www.kraneshares.eu or at the website of our management company www.waystone.com. KIID and PRIIP documents are available in the language of any Member State where such fund is distributed.

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.

Privacy Policy

Summary of Investor Rights

You are now leaving KraneShares.eu

Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on the websites linked hereto.

Click here to continue

Welcome to Kraneshares

Please select your region and investor type to enter the site:

United Kingdom
Finland
Germany
Ireland
Italy
Netherlands
Portugal
Spain
Sweden
Switzerland
United Kingdom

Individual Investor

I manage my own money

Financial Professional

I consult with, or represent, organisations, beneficiaries or institutions

To start your visit, you have read and accepted our terms and conditions (“Terms”): 

Our corporate website www.KraneShares.eu (referred to as the “website”) is owned by KraneShares. By accessing and using the website you agree to be bound by all terms and conditions which are set out on the website from time to time, which govern such access and use (the “Terms and Conditions”).

Nothing on this website is advice on the merits of any product or investment, nothing constitutes investment, legal, tax or any other advice nor is it to be relied on in making an investment decision. Prospective investors should obtain independent investment advice and inform themselves as to applicable legal requirements, exchange control regulations and taxes in their jurisdiction. This website is for information only. It is not an invitation to buy or sell an investment. It does not provide investment, tax or legal advice or recommendations and is not intended to be independent investment research.   

Distribution of Information: 

The distribution of the information and material on this website may be restricted by law in certain countries. None of the information is directed at, or is intended for distribution to, or use by, any person or entity in any jurisdiction (by virtue of nationality, place of residence, domicile or registered office) where publication, distribution or use of such information would be contrary to local law or regulation, or would subject KraneShares or any funds it markets to any registration or licensing requirements in such jurisdiction. 

You must inform yourself about, and observe any such restrictions in your jurisdiction and by accessing the website applicable to you. The information on this website is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States to or for the benefit of any United States person (being residents of the United States or partnerships or corporations organised under the laws thereof). The funds on this Website have not been registered in the United States under the Investment Company Act of 1940 and interests therein are not registered in the United States under the Securities Act of 1933. 

Liability & Indemnity: 

KraneShares is not responsible for the accuracy, completeness or reliability of any data, statistics, commentary or content in any media format on www.KraneShares.eu. KraneShares will not be held responsible for any financial losses incurred as a result of believing the content of materials on this website; or materials and content linked to from this website. Investors should read the Prospectus, KID or KIID as applicable and take independent legal, tax and investment advice before investing in any fund.

If you do not comply with the Terms and Conditions of this website, you may not hold KraneShares responsible for any liabilities, losses or damages derived from use of this website.

Specific risk warnings are set out in the prospectus and if applicable the supplement for the relevant product.

Website User Categorisation:

ONLY APPLICABLE IF YOU ARE AN INSTITUTIONAL INVESTOR 

By entering the institutional investor section of the website, you affirm either that you are a Per Se Professional Client, or that you wish to be treated as an Elective Professional Client, both as defined under the Markets in Financial Instruments Directive, or a Qualified Investor as defined under the Prospectus Regulation, Regulation (EU) 2017/1129 or an equivalent in a jurisdiction outside the EEA (e.g. the equivalent term In Switzerland, the equivalent term is Professional Client or Institutional Client according to the Federal Act on Financial Services) (“Institutional Investor”) and you have read, understood and accepted the Terms and Conditions. The institutional investor section of the website is not intended for retail or private investors. 

In accessing the website as an Institutional Investor you will be undertaking, warranting and representing to KraneShares that you are an Institutional Investor. Please note that KraneShares will be acting in reliance upon your undertaking, warranty and representation and you shall indemnify us and hold us harmless against all claims liabilities, losses, damages, costs and expenses incurred or suffered by us by reason of any breach of such undertaking, warranty and representation. 

As a matter of general policy, KraneShares will not conduct regulated investment activities with any person as a result of their receiving information from the website, unless agreed otherwise with an Institutional Investor. 

Disclaimer: 

  • This material may not be suitable for all investors. Any performance quoted represents past performance and is no guarantee of future results. Past performance is not indicative or a guarantee of future performance. 
  • This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.  
  • The price, value, yield and liquidity of any security or fund can go up and down and may be impacted by Currency Risks, Liquidity Risks, Political Risks, Credit Risks, Tax Risks and Market Risks. Professional advice should be taken before investing in any of our funds (or in any security).
  • Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. 
  • KraneShares may change the Terms and Conditions of use for www.KraneShares.eu at any time, for any reason, without notice. 

To find out more about how personal data is collected on our websites, please see our Privacy Policy.

Edit your location and investor type below

United Kingdom
Finland
Germany
Ireland
Italy
Netherlands
Portugal
Spain
Sweden
Switzerland
United Kingdom

Individual Investor

I manage my own money

Financial Professional

I consult with, or represent, organisations, beneficiaries or institutions

Invest in KGRNLN Through Your Broker

You are now leaving KraneShares.com. Hyperlinks on these websites are provided as a convenience and we disclaim any responsibility for information, services or products found on the websites linked hereto.