Krane Funds Advisors, LLC ("KraneShares"), an asset management firm
known for its global exchange-traded funds (ETFs), today announced
the launch of the KraneShares Sustainable Ultra Short Duration
Index ETF (Ticker: KCSH) on the New York Stock Exchange (NYSE).
KCSH tracks the Solactive ISS Sustainable Select 0-1 Year USD
Corporate IG Index, which is designed to measure the performance of
US dollar-denominated, investment-grade corporate debt with a
maturity of up to one year with a concentration on socially and
climate conscious companies. The Index uses screening criteria
based on Institutional Shareholder Services (ISS) climate analysis
and carbon emissions thresholds to align with the Paris Agreement's
1.5°C scenario by 2050 while providing a distribution of credit and
interest rate risk that is similar to commonly used ultra-short
duration, investment grade bond benchmarks.
"With investors looking to diversify their equities, and with
few incentives to extend duration, KCSH seeks to maximize current
income through ultra-short duration, investment grade bonds,"* said
KraneShares Head of Climate Investments Luke Oliver. "As with the
rest of KraneShares climate-focused suite of ETFs, KCSH can offer
compelling potential returns while supporting the decarbonization
of the global economy."
"KCSH can help deliver attractive yield potential through
ultra-short duration investment grade fixed income exposure," said
KraneShares COO Jonathan Shelon. "KCSH combines KraneShares' ETF
and climate investing expertise with Solactive’s indexing
capabilities, expanding our offering of sophisticated and
innovative strategies with sustainable impact to our clients."
"We are delighted to extend our partnership with KraneShares
into the area of 'green cash’ investments. This index adheres to
strict screening criteria and provides a powerful tool to invest in
short-term bonds while ensuring the sustainability of the
underlying assets," said Solactive's Chief Markets
Officer Timo Pfeiffer. “With this launch, we believe we are setting
an important milestone in the sustainable investing fixed income
indexing space."
For more information on the KraneShares Sustainable Ultra Short
Duration Index ETF (Ticker: KCSH), please visit
https://kraneshares.com/kcsh or consult your financial advisor.
*Diversification does not ensure a profit or guarantee against a
loss.
About KraneShares
KraneShares is a specialist investment manager focused on China,
Climate, and Uncorrelated Assets. KraneShares seeks to provide
innovative, high-conviction, and first-to-market strategies based
on the firm and its partners' deep investing knowledge. KraneShares
identifies and delivers groundbreaking capital market opportunities
and believes investors should have cost-effective and transparent
tools for attaining exposure to various asset classes. The firm was
founded in 2013 and serves institutions and financial professionals
globally. The firm is a signatory of the United Nations-supported
Principles for Responsible Investment (UN PRI).
About Solactive
Solactive is a leading provider of indexing, benchmarking, and
calculation solutions for the global investment and trading
community. Headquartered in Frankfurt and, with offices in Hong
Kong, Toronto, Berlin, Dresden, and Amsterdam, we innovate and
disrupt the status quo as the partner of choice for our
clients.
The unique blend of our 300 staff’s expertise in data, data
science, financial markets, and technology enables our clients’
continued success through the delivery of a superior experience,
unique customization capabilities, and the best value for money
available in the industry. With more than 30,000 indices calculated
daily, we offer a full suite of solutions, including market-leading
ESG and thematic indices.
As at January 2024, Solactive served approximately 500 clients
across the world, with approximately US$300 billion invested in
products linked to our indices. Solactive is registered with ESMA
as a benchmark administrator and is supervised by the BaFin.
Carefully consider the Funds' investment objectives,
risk factors, charges, and expenses before investing. This and
additional information can be found in the Funds' full and summary
prospectus, which may be obtained by visiting:
https://kraneshares.com/kcsh. Read the prospectus carefully
before investing.
Risk Disclosures:
Investing involves risk, including possible loss of principal.
There can be no assurance that a Fund will achieve its stated
objectives. Indices are unmanaged and do not include the effect of
fees. One cannot invest directly in an index.
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.
Fixed income securities carry credit and interest rate risks.
Credit risk is the chance that an issuer may fail to make interest
payments or repay principal, which can negatively impact fund
performance. Securities with longer maturities and lower credit
quality are more vulnerable to credit risk. Interest rate risk
involves value changes in debt due to interest rate fluctuations;
rising rates typically lower debt prices, while falling rates
usually increase them. Longer-duration debt is more affected by
these changes, making it more volatile. Recent interest rate hikes
may continue, increasing associated risks.
The Fund is subject to liquidity risk, meaning that certain
investments may become difficult to purchase or sell at a
reasonable time and price. If a transaction for these securities is
large, it may not be possible to initiate which may cause the Fund
to suffer losses.
Large capitalization companies may struggle to adapt fast,
impacting their growth compared to smaller firms, especially in
expansive times. This could result in lower stock returns than
investing in smaller and mid-sized companies. KSPY is
non-diversified.
KCSH may have trouble identifying issuers with high ESG ratings,
it can be challenging, and investments may be volatile. Even
top-rated companies might not excel compared to others in ESG
practices. The ESG investment strategy limits available
opportunities, potentially leading to underperformance relative to
non-ESG strategies. This could result in the Fund investing in
underperforming sectors or securities. ESG investing is qualitative
and subjective, and the criteria used may not align with every
investor's beliefs or values.
The Fund is new and does not yet have a significant number of
shares outstanding. If the Fund does not grow in size, it will be
at greater risk than larger funds of wider bid-ask spreads for its
shares, trading at a greater premium or discount to NAV,
liquidation and/or a trading halt.
ETF shares are bought and sold on an exchange at market price
(not NAV) and are not individually redeemed from the Fund. However,
shares may be redeemed at NAV directly by certain authorized
broker- dealers (Authorized Participants) in very large
creation/redemption units. The returns shown do not represent the
returns you would receive if you traded shares at other times.
Shares may trade at a premium or discount to their NAV in the
secondary market. Brokerage commissions will reduce returns.
Beginning 12/23/2020, market price returns are based on the
official closing price of an ETF share or, if the official closing
price isn't available, the midpoint between the national best bid
and national best offer ("NBBO") as of the time the ETF calculates
the current NAV per share. Prior to that date, market price returns
were based on the midpoint between the Bid and Ask price. NAVs are
calculated using prices as of 4:00 PM Eastern Time.
The KraneShares ETFs and KFA Funds ETFs are distributed by SEI
Investments Distribution Company (SIDCO), 1 Freedom Valley Drive,
Oaks, PA 19456, which is not affiliated with Krane Funds Advisors,
LLC, the Investment Adviser for the Funds, or Climate Finance
Partners , the Sub-Advisor for the Fund, or IHS Markit Ltd.
Contact:Joseph Dube – KraneShares, Head of
MarketingJoseph.Dube@kraneshares.com
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