中文
KraneShares Events

Please register to attend this event

Live Webcast: MSCI China A-Share Inclusion Decision 2017

* indicates required

Are you a financial professional? *

For financial intermediary use only - not for retail distribution.

What:

MSCI China A-Share Inclusion Decision 2017

This June Mainland Chinese equites (A-shares) are again up for inclusion into MSCI’s definition of China within their Global Standard Indexes. Why is this important to global investors? MSCI indexes have $10 trillion in benchmarked assets with $1.6 trillion tracking the MSCI Emerging Markets Index alone1. The inclusion could trigger significant inflows into Mainland Chinese equities.

We believe there has been a positive change in the tone of this year's consultation released by MSCI leading up to the decision.

We will discuss the following topics:

  • Regulatory changes in China
  • Improved access to the Mainland markets
  • Our interpretation of MSCI's recent China A-share consultation
  • Valuation and correlation implications of China A-shares on portfolios, with or without inclusion

Participants will include:

  • Brendan Ahern – Chief Investment Officer
  • Mark Schlarbaum – Managing Partner
  • Dr. Xiaolin Chen – Head of Investment Solutions

1.) Data from MSCI as of 6/30/2016, as reported on 9/30/2016, retrieved 5/01/2017
When: Thursday, May 25,
11:00am – 12:00pm EST

About the Speakers

 
brendan_ahernBrendan Ahern
Chief Investment Officer

Brendan Ahern is the Chief Investment Officer (CIO) at KraneShares where he is in charge of the firm’s research, education and investor outreach efforts.

Previously, Brendan worked at Neuberger Berman and Salomon Brothers, and was also an early pioneer of the US exchange traded fund (ETF) industry as one of the first 20 employees of iShares by BlackRock.

Within iShares, Brendan experienced the proliferation of ETFs and the growth of the ETF industry first hand. During his tenure he saw AUM grow from a few billion to $1.5 trillion. This “from the ground up" experience forged his comprehensive expertise with all aspects of the ETF industry including product development, marketing, branding, business strategy, operations, portfolio management, and trade execution.

Mark SchlarbaumMark Schlarbaum
Managing Partner

Mark joined KraneShares in October 2015 as a Managing Partner, portfolio manager and global head of trading. Mark has over 23 years of investment experience consisting of equity trading in both international and domestic markets as well as managing diversified investment portfolios for some of the largest advisory platforms in the U.S. He previously worked for T. Rowe Price for 7 years where he was responsible for trading over $40 billion of assets consisting of domestic and international equities, options and futures. In 2003, Mark left T. Rowe price to pursue his own successful entrepreneurial endeavors, which ranged from managing equity long-short portfolios to domestic small cap long-only separately managed accounts (SMAs), the latter of which grew to over $400 million AUM.
Xiaolin ChenDr. Xiaolin Chen
Managing Director and Head of Investment Solutions

Prior to joining KraneShares, Xiaolin was a lead portfolio manager with JPMorgan Private Bank where she managed portfolios for high net worth individuals totaling $70 billion collectively.

Over the last ten years Xiaolin has extensive experience in both London and New York in developing and managing investment solutions to help clients meet a wide range of investment targets and objectives.

Xiaolin holds a Bachelor’s Degree and Ph.D. in Computer Science, both obtained from the University of Nottingham, United Kingdom.
Related Product

Related Content:

©2024 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: www.kraneshares.com. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

A-Shares are issued by companies in mainland China and traded on local exchanges. They are available to domestic and certain foreign investors, including QFIs and those participating in Stock Connect Programs like Shanghai-Hong Kong and Shenzhen-Hong Kong. Foreign investments in A-Shares face various regulations and restrictions, including limits on asset repatriation. A-Shares may experience frequent trading halts and illiquidity, which can lead to volatility in KBA’s share price and increased trading halt risks. The Chinese economy is an emerging market, vulnerable to domestic and regional economic and political changes, often showing more volatility than developed markets. Companies face risks from potential government interventions, and the export-driven economy is sensitive to downturns in key trading partners, impacting KBA. U.S.-China tensions raise concerns over tariffs and trade restrictions, which could harm China’s exports and KBA. China’s regulatory standards are less stringent than in the U.S., resulting in limited information about issuers. Tax laws are unclear and subject to change, potentially impacting KBA and leading to unexpected liabilities for foreign investors. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values.

KBA may invest in derivatives, which are often more volatile than other investments and may magnify KBA’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. KBA is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause KBA to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

KBA may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as KBA increases in size, the impact of IPOs on KBA’s performance will generally decrease. Narrowly focused investments typically exhibit higher volatility. KBA’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, KBA is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

Privacy Policy

Whistleblower Policy

Form ADV

N-PX Voting Table

Fund Filings & Tax Supplements

You are now leaving KraneShares.com

Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on the websites linked hereto.

Click here to continue