Years of hardship for China’s most innovative companies have given way to an opportune moment for the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR) as lockdown and regulatory rollbacks revived the country’s tech unicorns.
The ETF has returned 17.7% so far this year, as of 19 April, the second highest of any Europe-listed China ETF, as well as a 20.9% jump over the trailing half year.
KSTR became the continent’s first ETF offering exposure to the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board – STAR market – which launched in 2019 to make Shanghai a more attractive destination for tech, biomedicine and alternative energy company listings simply by registering, rather than seek lengthy Chinese Securities Regulatory Commission (CSRC) approvals...
This article first appeared in ETF Insider, ETF Stream's monthly ETF magazine for professional investors in Europe. To read the full article, click here.