KraneShares MSCI One Belt One Road ETF (Ticker: OBOR) Lists on the New York Stock Exchange
NEW YORK, Sept. 8, 2017 /PRNewswire/ -- Krane Funds Advisors, LLC, ("KraneShares") a U.S. asset management firm known for its China focused KraneShares exchange traded funds (ETFs) and innovative China investment strategies, announced the launch of the KraneShares MSCI One Belt One Road ETF (ticker: OBOR). The OBOR ETF, listed on the New York Stock Exchange, holds strategic companies from countries participating in China's One Belt One Road initiative (OBOR).
The OBOR initiative is a primary focus of Chinese President Xi Jinping. This extensive infrastructure initiative is a long-term modernization of the original Silk Road trading routes. The OBOR initiative connects China by land through Central Asia, West Asia, the Middle East, and Europe ("One Belt"), and by sea to the western coast of Africa, the Red Sea, and the Mediterranean ("One Road"). All together the OBOR initiative will connect 69 countries (including China), representing an aggregate population of 4.5 billion and a nominal GDP of $23 trillion USD. These figures represent 62% of the world's population and 30% of global GDP1.
The OBOR initiative provides a solution to the growing need for infrastructure development across the region. A recent report by the Asian Development Bank estimates that Asia and the Pacific will need $1.7 trillion in annual infrastructure investment amounting to as much as $26 trillion by 20302.
The KraneShares MSCI One Belt One Road ETF (ticker: OBOR) delivers the OBOR investment theme through The MSCI Global China Infrastructure Exposure Index. The index is designed to represent the performance of listed companies within Developed, Emerging and Frontier markets with high revenue exposure to China infrastructure development from within a specified set of industries relevant to the OBOR investment program and development strategy promoted by China.
"The MSCI Global China Infrastructure Exposure Index highlights MSCI's commitment to designing innovative benchmarks for global investors," said Christine Berg, CFA, Managing Director at MSCI. "This index aims to capture the performance of wide-ranging global infrastructure investment opportunities represented by China's One Belt One Road initiative."
"We believe the OBOR initiative is creating a new paradigm in global investing," said Jonathan Krane, Chief Executive Officer at KraneShares. "The OBOR initiative will receive trillions of dollars of investment over the next decade3 and should increase the economies and trade of both China and the participating nations."
KraneShares will broadcast a live webinar on Thursday, September 21st at 11:00am EST. The webinar will cover the OBOR ETF and the One Belt One Road Initiative. Click here to register for the webinar.
Additionally, KraneShares will host an OBOR summit in the United States with the New York Stock Exchange in January 2018.
About Krane Funds Advisors, LLC
Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Our suite of China focused ETFs provides investors with solutions to capture China's importance as an essential element of a well-designed investment portfolio. We strive to provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. We help investors stay up to date on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC is majority owned by China International Capital Corporation (CICC).
For more information please visit: www.kraneshares.com.
- Hellen Chin, Winnie He, "The Belt and Road Initiative: 65 Countries and Beyond", Global Sourcing Fung Business Intelligence Centre, May 2016
- "Meeting Asia's Infrastructure Needs", Asian Development Bank, 02/2017
- "'One Belt One Road' Infrastructure Investment Could Total Up To $6 trillion US dollars", People's Daily Online, 6/20/2015
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting www.kraneshares.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. The Funds are subject to political, social or economic instability within China which may cause decline in value. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume.
Narrowly focused investments typically exhibit higher volatility. The ability of the KraneShares MSCI One Belt One Road ETF to achieve its investment objective is dependent, in part, on the continuous availability of A Shares and the ability to obtain, if necessary, additional A Shares quota. The fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund's gains or losses. The fund is non-diversified.
Although the information provided in this document has been obtained from sources which Krane Funds Advisors, LLC believes to be reliable, it does not guarantee accuracy of such information and such information may be incomplete or condensed.
The KraneShares ETFs are distributed by SEI Investments Distribution Company (SIDCO), which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Fund.
SOURCE Krane Funds Advisors, LLC
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