Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. KraneShares offers innovative investment solutions tailored to three key pillars: China, Climate, and Uncorrelated Assets. Our team is determined to provide industry-leading, differentiated, and high-conviction investment strategies that offer access to key market trends. Our mission is to empower investors with the knowledge and tools necessary to capture the importance of these themes as an essential element of a well-designed investment portfolio.
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Information about KraneShares ETFs, China's markets and culture, and general investing resources.
Our market update is a collaboration between the KraneShares internal research department, our local Chinese partners, and select China thought leaders from around the world. Our goal is to deliver a differentiated perspective on Chinese capital markets, business, government, and culture.
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The KraneShares Dynamic Emerging Markets Strategy ETF (KEM) is an active ETF that provides investors with exposure to broad Emerging Market (EM) equities while dynamically adjusting the portfolio’s China weight based on fundamental, valuation, and technical signals. KEM has the potential to mitigate downside risk by dynamically adjusting its allocations between the Underlying ETFs and cash and cash equivalents. By combining a strategic allocation with a systematic valuation overlay between China and the rest of Emerging Markets, KEM may potentially outperform its benchmark: the MSCI Emerging Markets Index. KEM primarily invests in the following ETFs:
1. Data from World Economics and MSCI as of 12/31/2022. Retrieved on 6/30/2023.
2. Data from MSCI as of 12/31/2022.
Ticker | KEM |
Primary Exchange | NYSE |
CUSIP | 500767439 |
ISIN | US5007674394 |
Net Assets | $4,942,339 |
Total Annual Fund Operating Expense | 0.49% |
Inception Date | 8/25/2023 |
Distribution Frequency | Annual |
Daily Net Asset Value (NAV) and Market Price | |
NAV | $24.71 |
NAV Daily Change | 0.32% |
Market Price | $24.72 |
Market Price Daily Change | 0.37% |
30 Day Median Bid/Ask Spread |
0.72% |
The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth. |
NAV | Market Price | Premium/Discount |
$24.71 | $24.72 | $0.00 |
Q3 2023 | Q3 2023 | |
Days traded at premium | 21 | 20 |
Days traded at NAV | 0 | 0 |
Days traded at discount | 5 | 5 |
The Premium/Discount History chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
Fund NAV | Closing Price | Index | |
1 Month | – | – | – |
3 Month | – | – | – |
6 Month | – | – | – |
YTD | – | – | – |
Since Inception | 1.08% | 1.28% | -0.19% |
Fund NAV | Closing Price | Index | |
Since Inception | – | – | – |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Ex-Date | Record Date | Payable Date | Amount |
After a solid start to 2023, #investors are racing to be part of the multi-decade global luxury opportunity. We believe the return of reasonable valuations in the global luxury sector offers investors a near-term entry point for a compelling long-term growth opportunity. The… pic.twitter.com/0H6efdVeUf
— KraneShares (@KraneShares) September 28, 2023
We believe $KEM is a good option for investors looking for exposure to emerging market (EM) #equities with a focus on #riskmanagement. KEM adjusts its exposure to #China and EM ex China using fundamental and technical signals. This can mitigate risk and improve performance.
— KraneShares (@KraneShares) September 14, 2023
Read:… pic.twitter.com/P5j5pVxAVE
Rank | Name | % of Net Assets | Ticker | Identifier | Shares Held | Market Value($) |
1 | KraneShares MSCI All China Index ETF | 53.99% | KALL | US5007678015 | 136,635 | 2,657,387 |
2 | KraneShares MSCI Emerging Markets ex China Index ETF | 35.78% | KEMX | US5007677694 | 68,897 | 1,760,952 |
3 | Cash | 10.24% | – | – | 503,886 | 503,886 |
Holdings are subject to change.
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