NEW YORK, NY – September 7, 2023 – Krane Funds Advisors, LLC ("KraneShares"), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, today announced the launch of the KraneShares Global Luxury Index ETF (Ticker: KLXY) on the New York Stock Exchange.

KLXY provides investors with exposure to the world's top luxury companies by market capitalization across an array of luxury-related sectors such as leather goods, jewelry, accessories, skincare, cosmetics, beverages, travel, and supercar businesses.

"We believe the global luxury sector may present a long-term growth opportunity due to companies' resilient pricing power, strong profitability, and high barriers to entry inherent to global luxury companies," said Derek Yan, CFA, Senior Investment Strategist at KraneShares.

Global Luxury Market Highlights:

Growth & Resilience: The global luxury industry has experienced tremendous growth even through economic downturns and inflationary periods. These companies' resilience is strengthened by strong profitability, longstanding brand reputations, and loyal customer bases.

Evolving Customer Base: Global luxury brands have embraced E-Commerce and digital marketing, broadening their customer base from 400 million in 2022 to an expected 500 million by 2030.¹

Global Exposure: Diversified exposure to developed countries outside the United States, including France, the United Kingdom, Italy, Switzerland, and Japan.

"We believe the luxury market is one of the most resilient sectors, especially in economic downturns and inflationary periods. Brand value, consumer loyalty, and innovation play pivotal roles in driving demand and commanding premium pricing," says Jonathan Krane, Founder and CEO of KraneShares. "KLXY provides investors a compelling solution to gain direct exposure to the significant growth opportunity offered by the global luxury market."

For more information on the KraneShares Global Luxury Index ETF (Ticker: KLXY), visit kraneshares.com/klxy or consult your financial advisor.

About KraneShares

KraneShares is a specialist investment manager focused on China, climate, and uncorrelated assets. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners' deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. The firm was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investing (UN PRI).

Citations:

1. Bain & Company, "Global luxury goods market takes 2022 leap forward and remains poised for further growth despite economic turbulence", Nov 2022. Retrieved 8/30/2023.