KraneShares, a financial advisory firm looking to launch its own ETFs, added another China-focused fund to its plans, the latest to be focused on high-dividend-yielding stocks, according to an article on Zacks.
The KraneShares Dow Jones China Select Dividend ETF comes on top of seven other exchange-traded funds the company has in the works. The company doesn’t yet have a ticker for the fund, according to the article, which said the ETF will be designed around the Dow Jones China Select Dividend Index.
The fund will invest in both U.S.- and Hong Kong-listed China-based companies, according to Zacks.
While there currently are no other Chinese dividend funds on the market at this time, the fund will compete with the WisdomTree Emerging Markets Equity Income Fund (NYSEArca: DEM) and the iShares Emerging Markets Dividend Index Fund (NYSEArca: DVYE), reports the Zacks article.
For more information on the new proposal, go to Zacks.com.