Best New ESG ETF: KraneShares MSCI China Environment Index ETF (NYSE: KGRN)
Krane Funds Advisors the investment advisor for KraneShares China-focused exchange traded funds (ETFs) is proud to announce that the KraneShares MSCI China Environment Index ETF (NYSE: KGRN) was named best new Environmental, Social and Governance (ESG) ETF of 2017 by ETF.com, a leading authority on exchange traded funds.
The annual ETF.com awards are designed to recognize the people, companies and products driving the ETF industry forward and delivering new value to investors.
As ETF.com noted, “KGRN is the first ESG ETF specifically designed to capitalize on the Chinese clean energy boom. China is already the world’s largest and fastest-growing market for renewable energy, and the country plans to spend $360 billion by 2020 to build out its clean-energy capacity even further. The fund tracks Chinese companies of all sizes and industries, so long as they derive at least half their revenues from eco-friendly products and services1.”
KGRN is benchmarked to the MSCI China IMI Environment 10/40 Index. The Index is based on five key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Green Building, Pollution Prevention and Energy Efficiency. Company selection is based on environmental, social and governance (ESG) data from MSCI ESG Research. MSCI is a leading provider of ESG research and indexes according to the 2016 Independent Research in Responsible Investment (IRRI) survey of 1,200 participants conducted by SRI Connect and Extel.
About Krane Funds Advisors, LLC:
Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Our suite of China focused ETFs provides investors with solutions to capture China’s importance as an essential element of a well-designed investment portfolio. We strive to provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. We help investors stay up to date on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC is majority owned by China International Capital Corporation (CICC).
- “And The 2017 ETF.com Awards Winners Are …” ETF.com, 3/22/2018
