New York, NY – July 18^th, 2024 – Today, Krane Funds Advisors, LLC (“KraneShares”), an asset management firm known for its global exchange-traded funds (ETFs), announced the launch of the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX) on the Nasdaq Stock Market (NASDAQ).

AGIX tracks the Solactive Etna Artificial General Intelligence Index, which is designed to capture the performance of companies engaged in developing and applying artificial intelligence technologies. AGIX primarily holds publicly listed global AI companies and has the ability to allocate to private AI companies.

The Index focuses on three key categories within the AI sector: hardware, infrastructure, and applications. The Index constituents are selected based on a proprietary AI Exposure Score, which assesses each company's relevance to and readiness for artificial intelligence technology. It includes companies developing semiconductors and data centers crucial for large language models (LLM), firms providing cloud and data services for AI training & deployment, and businesses leveraging AI to enhance efficiency, reduce costs, and improve customer experiences. This approach offers comprehensive exposure to the AI value chain, from foundational technology to practical implementations across various industries.

"AGIX seeks to provide strategic access to the future of artificial intelligence, capturing the full spectrum of the AI value chain from hardware to infrastructure to applications," said Brendan Ahern, CIO of KraneShares. "With the potential to add trillions in annual value across various sectors, generative AI is poised to be a transformative force in the global economy, and AGIX offers investors a way to participate in this technological revolution."

"AI technology has recently come of age with the advent of ChatGPT and other generative AI applications," said KraneShares Senior Investment Strategist Derek Yan, CFA. "Investor excitement for generative AI stems from its unprecedented consumer adoption rates and its potential to automate up to 50% of today's work activities between 2030 and 2060 according to McKinsey & Company. AGIX aims to track the companies at the forefront of this transformative technology."

For more information on the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX), please visit https://kraneshares.com/agix 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 Investment (UN PRI).