KraneShares launches Europe’s first ‘Nasdaq of China’ ETF
KSTR offers exposure to the 50 largest companies in the STAR market.
Emerging markets ETF issuer KraneShares has launched the first ETF in Europe to offer exposure to the 50 largest companies in China’s STAR market. The KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.82%. KSTR tracks the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board 50 index which includes the 50 largest securities listed on SSE Science and Technology Innovation Board (STAR market).
The STAR market was launched by the Shanghai Stock Exchange in July 2019 to promote companies in industries such as new-generation information technology, biomedicine, new energy, and environmental protection. The firm said the market has become one of the largest IPO markets globally and a key venue for Chinese unicorn companies.