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KGRO - KraneShares China Innovation ETF

KGRO - KraneShares China Innovation ETF

KGRO primarily invests in the following ETFs:

  • The KraneShares CSI China Internet ETF (KWEB)
  • The KraneShares MSCI All China Health Care ETF (KURE)
  • The KraneShares MSCI China Clean Technology ETF (KGRN)
  • KraneShares CICC China 5G & Semiconductor ETF (KFVG)
  • KraneShares SSE STAR Market 50 Index ETF (KSTR)

In addition to investments in these ETFs, KGRO may invest up to 15% of its net assets in the securities of private companies that align with the themes represented by the ETFs or appear to be attractive opportunities, including those that may be preparing for an initial public offering.

 

  • China's internet population reached 989 million people in 2020, a penetration rate of only 70.6%1. The U.S. internet population reached 299 million people, a penetration rate of 85.8%2.
  • China budgeted $360 billion for renewable energy investments from 2017 to 20203 and plans to have renewable energy account for 35% of its electricity consumption by 2030
  • China is becoming more self-sufficient in semiconductor development largely due to government policies and funding specifically for the industry. As stated in the “Made in China 2025” initiative, China aims to produce 70% of the semiconductors used domestically by 2025 and have complete import substitution by 20304.