KraneShares CCBS China Corporate High Yield Bond USD ETF (Ticker: KCCB) Lists on the New York Stock Exchange
Krane Funds Advisors, LLC, (“KraneShares”) a U.S. asset management firm known for its China focused KraneShares exchange traded funds (ETFs) and innovative China investment strategies, announced the launch of the KraneShares CCBS China Corporate High Yield Bond USD Index ETF (NYSE: KCCB). KCCB is designed to track the performance of outstanding high yield debt securities denominated in U.S. dollars issued by Chinese companies.
As dollar investors seek yield solutions globally, the U.S. Dollar China Corporate High Yield Bond Market has grown considerably to meet investor demand. China has been the largest issuer of U.S. dollar denominated debt in Asia since 2014. The total number and value of China high yield US dollar bonds increased by 100% last year1. By the end of June 2018, the market reached $153 billion USD with over 122 issuing companies.2.
“We are proud to partner with China Construction Bank, the second largest bank in the world by assets3, to list KCCB on the New York Stock Exchange” said Jonathan Krane, Chief Executive Officer of KraneShares. “We believe KCCB is an excellent way for US dollar investors to gain access to China’s High Yield Bond Market without currency risk.”
“We have seen considerable demand for US dollar denominated high yield China bond products across Asia,” said Nelson Yan, the Executive Director at CCB Securities Ltd. “We are excited to work with KraneShares to deliver the potential yield and correlation benefits of KCCB to U.S. investors.”
For investors interested in learning more about the potential benefits of KCCB please contact KraneShares.
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).
About CCB Securities Ltd:
CCB Securities Ltd is the wholly-owned subsidiary of China Construction Bank (Asia), which is the overseas flagship of China Construction Bank. China Construction Bank is one of the four largest state-owned commercial banks in China.
The Fund’s holdings are subject to change. Click here for full fund holdings.
- Data from Bloomberg as of 12/31/2017
- Data from Bloomberg as of 6/30/2018
- Will Martin, “These are the 28 biggest banks in the world — each one with more than $1 trillion of assets”, Forbes 5/24/2018