KraneShares CSI China Government Bond ETF announces plans to launch

By Toni Weeks

San Luis Obispo, Calif., July 19 - KraneShares Trust announced it plans to launch the KraneShares CSI China Government Bond ETF, according to an N-1A filing with the Securities and Exchange Commission.

The new exchange-traded fund will seek to provide investment results that correspond generally, before fees and expenses, to the price and yield performance of the CSI Offshore RMB China Government Bond 10 index.

The fund will normally invest at least 80% of its total assets in securities of the underlying index, which is designed to measure the performance of the investable universe of renminbi-denominated bonds issued outside of mainland China by the Chinese central government, policy banks and state-owned commercial banks.

The underlying index includes Chinese government bonds with remaining maturities of 10 years or less and outstanding principal amounts of at least RMB 50 million. The index does not impose a minimum credit rating on its constituent bonds, thus the fund may invest in Chinese government bonds of any credit quality.

The portfolio manager has not yet been named.

The fund will trade on the New York Stock Exchange Arca. The ticker symbol has not yet been set.

There will be no shareholder fees. Management fees and total annual fund operating expenses have not yet been determined.

New York-based Krane Funds Advisors, LLC, a newly formed investment adviser, will serve as the investment adviser to the funds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.