KraneShares CSI China Internet UCITS ETF (MIL: KWEB) Launches on the Borsa Italiana Stock Exchange
Milan, Italy – 8 January 2021 – Krane Funds Advisors, LLC (“KraneShares”), a global asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, announced the launch of the euro-denominated KraneShares CSI China Internet UCITS ETF (MIL: KWEB) on the Borsa Italiana Stock Exchange.
KWEB seeks to capture the compelling growth potential of China’s leading, innovation-driven internet companies. The fund tracks the CSI Overseas China Internet Index, the same benchmark and strategy as KraneShares’ flagship New York Stock Exchange-listed China internet ETF, which has a seven-year track record, and $3.5 billion in assets under management (AUM).1 Since launching KWEB on the London Stock Exchange in November 2018, the strategy has surpassed $280 million AUM1.
“We are thrilled to provide Italian investors a new way to access China’s thriving internet sector through launching the KraneShares CSI China Internet UCITS ETF on the Borsa Italiana,” said Jonathan Krane, CEO of KraneShares. “By listing KWEB in Italy, we are providing greater accessibility for investors interested in capturing the growth potential of China’s internet sector within their portfolios.”
“We believe KWEB can help clients capitalize on investment opportunities from China’s equity market,” said Dr. Xiaolin Chen, Head of KraneShares International. “We look forward to bringing more China-focused ETFs to Italy soon.”
Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. The firm is focused on providing investors with strategies to capture China’s importance as an essential element of a well-designed investment portfolio. KraneShares ETFs represent innovative, first to market strategies that have been developed based on the firm and its partners’ in-depth knowledge of investing. These strategies allow investors to stay current on global market trends and provide meaningful diversification. Krane Funds Advisors, LLC is majority-owned by China International Capital Corporation (CICC).
1. Data from KraneShares as of 12/31/2020