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 KraneShares Electric Vehicles and Future Mobility ESG vetted by the UCITS ETF (trading symbol: KARS). KARS tracks the Bloomberg Electric Vehicles ESG Index which was built through a rigorous basket-selecting process operated by Bloomberg Intelligence (BI), which includes more than 350 researchers, as well as research from Bloomberg New Energy Finance (BNEF).
“KARS is focused on the rapidly growing electric vehicle industry and the growing list of technologies that are shaping the future of transportation and mobility,” says Anthony Sassen, Chartered Financial Analyst, Chief Investment Strategist at KraneShares. “KARS has globally listed companies involved in the entire future mobility ecosystem, including electric vehicle production, autonomous driving, shared mobility, lithium and copper production, lithium-ion batteries, hydrogen fuel cell production and electric infrastructure.”
Adopting fast future mobility technologies. It is expected that 54% of new car sales and 33% of the global vehicle fleet will be electric by 2040. Meanwhile, the global electric car market is expected to generate $2.7 trillion in total investment by 2040. Autonomous vehicles and their products Passenger Economy It is estimated to generate $8 trillion in global revenue by 2050.
“We are excited to launch our flagship electric vehicle and future ETF, KARS, for UCITS investors,” Dr. says. Xiaolin Chen, Head of International Services at KraneShares. “KARS provides diverse geographic exposure to the world’s electric vehicle leaders, including China, Europe and the United States, respectively. We believe the global introduction of electric vehicles will be a decades-old secular investment opportunity that UCITS investors can now access through our KARS UCITS ETF.” “
“We are in the early stages of a multi-decade global trend with electric vehicles and the adoption of future mobility,” says Jonathan Crane, CEO of KraneShares. “KARS provides pure exposure to this opportunity with less than 3% overlap with the MSCI ACWI global equity index.”
KARS has a product classification according to Article 8 of the European Union Regulation on Sustainable Financial Information (SFDR). This rating means that KARS, in line with its index methodology, invests in companies that promote environmental or social characteristics, or a combination of these characteristics, and that companies within its properties follow good management practices.
Trade the KARS ETF
KraneShares Electric Vehicles and Future Mobility ESG vetted by the UCITS ETF (trading symbol: KARS) An Exchange Traded Fund (ETF) that is traded on the London Stock Exchange.
The London Stock Exchange is a market that a few Swedish banks and online brokers provide access to Dejero Do it.