Krane lists electric vehicle ETF on London Stock Exchange

Tracks Bloomberg index

Asset management firm Krane Funds Advisors has launched the KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF (Ticker: KARS).

KARS tracks the Bloomberg Electric Vehicles ESG Screened index, which is constructed through a basket identification process using Bloomberg Intelligence (BI), as well as research from Bloomberg New Energy Finance (BNEF). KARS will hold globally listed companies involved in the entire EV and future mobility chain, including electric vehicle production, autonomous driving, shared mobility, lithium & copper production, lithium-ion batteries, hydrogen fuel cell manufacturing and electric infrastructure. KARS will also look to provide ‘pure exposure' to this area with less than 3% overlap to...