ETFs
KraneShares enters the Brazilian market with BDR ETF listings on B3 – The Brazilian Stock Exchange
Krane Actions
SÃO PAULO, June 28, 2024 (GLOBE NEWSWIRE) — Krane Funds Advisors, LLC (“KraneShares”), an asset management firm known for its innovative global exchange-traded funds (ETFs), announced the listing of its first Brazilian Depository Receipts (BDR) ETF on B3 – the Brazilian Stock Exchange. The BDR ETFs will be available under the following symbols:
These two products provide dynamic exposure to strategic segments of the Chinese markets. The KraneShares CSI China Internet ETF – BKWB39 focuses on Chinese companies listed in the United States and Hong Kong that provide Internet-related services and benefit from increased domestic consumption. The KraneShares Bosera MSCI China A 50 Connect Index ETF – BKBA39 provides exposure to 50 large-cap companies listed on the Shanghai and Shenzhen Stock Exchange (A shares) available through Stock Connect.
“The listing of these BDRs represents a major milestone in our commitment to the Brazilian market,” said Jonathan Krane, CEO of KraneShares. “China and Brazil have a strong relationship, and KraneShares’ strategies help Brazilian investors access long-term growth opportunities in the world’s second-largest economy.”
KraneShares is majority owned by China International Capital Corporation (CICC) and has partnered with BTG Pactual for distribution in Latin America.
“We would like to thank the collaboration of B3, Banco B3 and BTG Pactual in bringing our flagship ETFs to the local market,” said Fernando Cabrales, who leads the Latin America distribution strategy for KraneShares.
Will Landers, Head of Third-Party Distribution at BTG Pactual, reiterated the importance of having a partner with deep knowledge of the Chinese financial markets: “We are excited to be able to connect our clients in Brazil with the KraneShares team so they can benefit from their expertise, research capabilities and unique product offerings.”
About ETF BDRs
BDR ETFs are certificates issued in Brazil representing foreign investment funds and traded on the Brazilian Stock Exchange in local currency. These products allow Brazilian investors to access foreign markets in a simplified way and expand their portfolio diversification strategy.
About KraneShares
KraneShares is a specialist investment manager focused on China, climate and uncorrelated assets. KraneShares seeks to deliver innovative, high-conviction, first-to-market strategies based on the deep investment knowledge of the firm and its partners. KraneShares identifies and delivers game-changing opportunities in the capital markets and believes that investors should have cost-effective and transparent tools to gain exposure to various asset classes. The firm was founded in 2013 and serves financial institutions and professionals worldwide. The company is a signatory to the United Nations-backed Principles for Responsible Investment (UN PRI).
The story continues
Risk Disclosures:
This information should not be considered research, investment advice or a recommendation regarding any particular product, strategy or security. This material is intended for illustrative, educational or informational purposes only and is subject to change.
BDR ETFs – Brazil Depositary Receipts – are securities issued in Brazil and traded on the stock exchange, which are backed by shares of ETFs – Exchange Traded Funds – issued abroad.
Investing in BDR ETFs involves risks, particularly related to the liquidity of revenues on the secondary market. Investors are advised to carefully read the legal documents of the products available on the website www.b3.com.brthe official source for ETF BDR disclosure, with particular attention to the sections on investment objective and policy, as well as risk factors, fees, expenses and charges.
Investments made in BDR ETFs are not guaranteed by any person or entity, including the service providers of the underlying ETF.
KraneShares does not sell or distribute investment products in Brazil. To obtain information on investing or disinvesting in ETF BDRs, the investor should contact directly the depository or brokerage firm with which the investor has an account. Available only to qualified investors.
Contact:
Joseph Dube – KraneShares, Marketing Manager
Joseph.Dube@kraneshares.com
