New York-based Krane Funds Advisors is prepping a China-focused passive exchange-traded funds to add to the growing list of ETF products in the market.
First up for the rookie ETF purveyor is the KraneShares CSI China Consumer Staples ETF. According to a regulatory filing, the fund will bet on publicly traded China-based companies in the consumer staples sector. It is benchmarked to the CSI Overseas China Consumer Staples Index.
Index Management Solutions is the fund’s sub-adviso and Denise Krisko serves as its portfolio manager.