KCNYKraneShares E Fund China Commercial Paper ETF
KCNY Fund Description
KCNY tracks an index of China onshore investment-grade commercial paper denominated in renminbi and issued by corporations and sovereign and quasi-sovereign entities.
KCNY Factset Analytics Insight
KCNY aims to provide a money market mutual fund-like combination of capital preservation, current income and liquidity in the context of the Chinese market. To do so, the fund relies on RMB Qualified Foreign Institutional Investors (R-QFII) quota and access to China's interbank market. The fund holds investment-grade coupon-bearing commercial paper issued by government and quasi-government entities and corporations (both state-owned and private). The fund tries to minimize credit and duration risk by holding only investment-grade paper with less than 1 year remaining in maturity. Since the fund holds securities denominated in renminbi and doesn't use any currency hedges, FX volatility will play a role in the fund's performance.
KCNY Portfolio Data
KCNY Index Data
KCNY Portfolio Management
KCNY Tax Exposures
KCNY Fund Structure
KCNY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of KCNY. KCNY is rated a N/A out of 5.