New Listing

KraneShares launches electric vehicle and future mobility ETF

TER of 0.72%

Theo Andrew

a close-up of a car

KraneShares has launched a UCITS version of its electric vehicle and future mobility ETF for European investors.

The KraneShares Electric Vehicles and Future Mobility ESG Screened UCITS ETF (KARS) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.72%.

KARS tracks the Bloomberg Electric Vehicles ESG Screen index powered by Bloomberg Intelligence.

The US iteration of the product is listed on the New York Stock Exchange and has roughly $240m in assets under management (AUM) having launched in 2018.

The issuer said the ETF was inspired by the rapid adoption of future mobility technologies, with the global electric vehicle market expected to hit $2.7trn of total investment by 2040.

The ETF is labelled Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).

Anthony Sassine, senior investment strategist at KraneShares, said: “KARS is focused on the fast-growing electric vehicle industry and the expanding list of technologies shaping the future of transportation and mobility.

“KARS holds globally listed companies involved in the entire future mobility ecosystem, including electric vehicle production, autonomous driving, shared mobility, lithium & copper production, lithium-ion batteries, hydrogen fuel cell manufacturing and electric infrastructure.”

Dr. Xiaolin Chen, head of international at KraneShares, added: “KARS provides diversified geographic exposure to the world’s electric vehicle leaders, including China, Europe, and the US respectively.

“We believe global electric vehicle adoption will be a multi-decade secular investment opportunity that UCITS investors can now access through our KARS UCITS ETF.”

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