KraneShares Man Buyout Beta Index ETF
BUYO
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Oct 8, 2024
- Website
- kraneshares.com
- Similar Companies
- Business
- KraneShares Man Buyout Beta Index ETF (BUYO) is an exchange-traded fund that seeks to track the performance of the Man Buyout Beta Index by providing exposure to a portfolio of small- to mid-cap public equities exhibiting key characteristics of companies typically targeted by private equity buyout funds, including those from industries favored by PE firms and displaying similar size and company-specific attributes drawn primarily from the Russell 2500 Index. The ETF offers investors a liquid alternative to traditional PE/buyout strategies, with holdings such as Encompass Health Corp., News Corp Class A, Axis Capital Holdings Ltd., Wayfair Inc. Class A, and DigitalOcean Holdings Inc., among others; it features a total annual fund operating expense ratio of 0.89%, net assets of approximately $12.5 million, and trades on the New York Stock Exchange. Launched in October 2024 and managed with Man Numeric serving as sub-advisor leveraging Man Group's research on buyout target attributes, BUYO targets institutional investors seeking PE-like beta exposure, wealth investors diversifying into endowment-style allocations, and those desiring transparency and liquidity absent in conventional PE funds. Krane Funds Advisors, LLC (KraneShares), the issuer and investment adviser founded in 2013 and headquartered at 280 Park Avenue, 32nd Floor, New York, NY, specializes in innovative ETFs focused on China, climate, alternatives, and uncorrelated assets, including strategic partnerships like its majority ownership by China International Capital Corporation (CICC) since 2017; the firm operates globally with additional offices in San Francisco, London, and Asia-Pacific outreach. BUYO represents KraneShares' expansion into U.S. equity strategies modeled on private equity methodologies, distinct from its core China-themed offerings. Recent developments for BUYO include its listing on the NYSE on October 8, 2024, marking a key product launch enabled by the strategic sub-advisory alliance with Man Numeric, a Man Group plc affiliate, to apply proprietary buyout selection criteria to public markets; the fund hosted an introductory webinar on November 12, 2024, and issued its first distribution on December 18, 2024, of $0.010701 per share, with ongoing annual distributions scheduled. No major acquisitions, funding rounds, or reorganizations have been reported for KraneShares or BUYO in the past year, though the ETF continues to grow its asset base amid rising interest in liquid PE alternatives.