New York, NY – December 4, 2025 – KraneShares, a leading global asset manager known for its innovative exchange-traded funds (ETFs), today announced the launch of the KraneShares Dragon Capital Vietnam Growth Index ETF (Ticker: KPHO). KPHO provides investors with targeted exposure to Vietnamese companies selected using a fundamental and proprietary growth methodology within one of Southeast Asia’s most dynamic and promising economies.

Dragon Capital, Vietnam’s largest fund manager by assets,¹ will serve as the fund’s sub-advisor. With over three decades of on-the-ground experience, Dragon Capital’s deep local research capabilities and established product base position KPHO to capture compelling growth opportunities across Vietnam’s equity market.

“We believe Vietnam is becoming a key growth engine within global emerging markets,” said Jonathan Krane, CEO of KraneShares. “With favorable demographics, a young and skilled workforce, and rising foreign direct investment, the country is positioned to benefit from global supply chain diversification and surging consumer demand. Through our partnership with Dragon Capital, we are proud to bring investors a transparent, rules-based way to participate in Vietnam’s powerful growth story.”

Vietnam continues to rank among the fastest-growing economies globally, recording 7.5% year-over-year gross domestic product growth in the first half of 2025 – one of the strongest rates in the Asia-Pacific region.² With a median age of just 33, Vietnam boasts a stable, expanding labor force that underpins its export-led development and rapidly growing domestic consumption.¹

By investing in Dragon Capital’s locally-listed Diamond ETF, KPHO offers investors comprehensive access to Vietnam’s capital markets. This innovative structure helps overcome traditional barriers, such as foreign ownership limits, enabling investors to participate in the country’s next phase of growth.

Vietnam has been upgraded from Frontier Market to Emerging Market by global index provider FTSE Russell, with the reclassification set to go into effect in September 2026.³ It is also on the radar for a similar upgrade from MSCI. Dragon Capital estimates that upgrades from both providers could potentially drive approximately $25 billion in new inflows into Vietnam’s equity market* — 9% of the country’s current market capitalization.¹

“As one of the fastest-growing economies in the world, Vietnam is poised to enter a golden era of opportunity,” said Dominic Scriven, Chairman and Co-Founder of Dragon Capital. “Our partnership with KraneShares combines Dragon Capital’s over 30 years of on-the-ground expertise with KraneShares’ global platform to deliver KPHO. This ETF provides investors efficient and broad access to Vietnam’s equity market during a pivotal moment, as the country moves toward inclusion in major global benchmarks like FTSE and potentially MSCI Emerging Markets – a milestone that could attract significant foreign investment and global diversification opportunities.**”

For KPHO standard performance, top 10 holdings, risks, and other fund information, visit kraneshares.com/etf/kpho or speak with your financial advisor.

*There is no assurance that Vietnam will be upgraded or that any resulting market inflows will occur. Market upgrades do not guarantee positive performance.

**KPHO is a non-diversified fund. The statement regarding diversification refers to exposure to a developing economy, not regulatory diversification under the Investment Company Act of 1940.

Citations:

1. Data from Dragon Capital as of 12/31/2024.
2. “Viet Nam’s 2025 GDP growth forecast raised to 7 per cent, highest in ASEAN +3: AMRO,” Viet Nam News. July 24, 2025.
3. FTSE Russell. “FTSE Russell announces results of September 2025 semi-annual country classification review for equities and fixed income,” LSEG. October 7, 2025.

Gross Domestic Product (GDP): The total amount of goods and services produced within a country over a period of one year.