KraneShares E Fund China Commercial Paper ETF plans to launch

By Toni Weeks

San Luis Obispo, Calif., April 14 - KraneShares Trust announced its plans to launch the KraneShares E Fund China Commercial Paper 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, before fees and expenses, to the price and yield performance of a specific foreign fixed-income securities benchmark, the ChinaBond Diversified High Grade Commercial Paper index, which tracks the performance of investment-grade on-shore renminbi-denominated commercial paper issued by sovereign, quasi-sovereign and corporate issuers in the People's Republic of China and traded in the inter-bank bond market. Under normal circumstances, the fund will invest at least 80% of its total assets in securities of the index.

Feimo Zhang will be the portfolio manager.

The fund will list its shares on the NYSE Arca exchange. 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 will serve as the investment adviser. E Fund Management (Hong Kong) Co., Ltd. is the fund's co-adviser.

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