New China Robotics ETF Filed

Proposed KraneShares fund will target companies with significant revenues from China.
Reviewed by: Staff
Edited by: Staff

In keeping with its investment focus on China, KraneShares has filed for an ETF that will target companies likely to benefit from the growth of artificial intelligence and robotics technologies.

The KraneShares Robotics and Artificial Intelligence Index ETF (KBOT) will invest in companies that generate at least 20% of their revenues from mainland China, no matter where they are actually domiciled or incorporated.

The underlying index for the fund can include securities of companies based in China such as A-shares that are listed on the mainland, H-shares that are listed in Hong Kong and American depositary receipts for Chinese stocks.

The companies must be classified in industries associated with producers of hardware and software for the robotics and AI spaces, as determined by FactSet. Selected components can be large-, mid- or small-cap equities, and once chosen for the index, are weighted by market capitalization, according to the prospectus.

Artificial intelligence and robotics have been growing spaces in the ETF industry, with three products targeting a combination of those areas launching so far this year.

The filing does not include an expense ratio, but does indicate the fund will list on the NYSE Arca.

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