KraneShares CICC China Consumer Leaders Index ETF
KBUY
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- DE United States of America
- IPO Date
- Dec 9, 2020
- CIK
- 0001547576
- Similar Companies
- Business
- KraneShares CICC China Consumer Leaders Index ETF (KBUY) seeks to track the performance, before fees and expenses, of the CICC China Consumer Leaders Index, which consists of the investable universe of publicly-listed Chinese companies engaged in consumer-related industries. The fund invests in growth and value stocks of companies across diversified market capitalizations operating in consumer discretionary sectors, including consumer durables, apparel, household durables, consumer electronics, household appliances, leisure products, textiles, apparel and luxury goods, footwear, and consumer services such as hotels, restaurants and leisure; as well as consumer staples sectors, including food, beverage and tobacco, brewers, beer, ale and malt beverages, distillers and vintners, wine, soft drinks, food products, packed foods and meats, meat processing and meat-related products, and special consumer goods such as clothing and home decorations. It employs a representative sampling technique to replicate the index, with holdings concentrated in China's consumer sectors to capture rising incomes, consumption upgrades, brand loyalty, and increased discretionary spending among Chinese consumers. The ETF targets institutional and retail investors seeking exposure to China's consumer leaders, with geographic operations focused on public equity markets in China and mainland China-listed securities. Launched on December 9, 2020, and domiciled in the United States, the ETF is managed by Krane Funds Advisors, LLC, a subsidiary of KraneShares Trust with headquarters in New York, NY. Krane Funds Advisors, majority owned by China International Capital Corporation (CICC), leverages CICC's research expertise, which has ranked #1 in Institutional Investor's All-China Research Category for multiple years. The fund's expense ratio stands at 0.69%, with annual distributions and a focus on non-diversified investments in consumer industries. In a significant operational change, the Board of Trustees of KraneShares Trust approved the liquidation and termination of the KBUY ETF upon recommendation by Krane Funds Advisors, LLC; shares ceased trading on NYSE Arca on October 18, 2023, with final distributions to remaining shareholders calculated at net asset value on the liquidation date, reflecting closure costs and taxable events including accrued capital gains and dividends. Prior to liquidation, the fund had net assets of approximately $4.46 million and maintained around 32 holdings as of August 2023. No recent partnerships, funding rounds, acquisitions, new product launches, or strategic expansions were associated specifically with KBUY in the lead-up to its closure, amid KraneShares' broader portfolio activities including new single-stock levered ETFs in 2025.