KraneShares China Alpha Index ETF
KCAI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Aug 28, 2024
- Website
- kraneshares.com
- Similar Companies
- Business
- KraneShares Trust - KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that provides investors with exposure to Chinese A-shares through a rules-based strategy designed to outperform the CSI 300 Index. The ETF tracks the Qi China Alpha Index, developed by sub-advisor Quant Insight Ltd., which employs a systematic machine learning approach and alpha optimization filtering process powered by proprietary AI technology to select and weight up to 50 securities from the universe of China A-shares listed on the Shanghai and Shenzhen stock exchanges, with a minimum market capitalization of $1 billion and average 30-day turnover of $5 million; individual constituent weights are capped at 5%. It focuses on large-cap growth and value stocks across diversified sectors, including financials, mining, technology, communications, electric equipment, and transportation, targeting inefficiencies in China's retail investor-dominated A-share market. Launched on August 28, 2024, and listed on the New York Stock Exchange, KCAI operates with a total annual fund operating expense ratio of 0.79%, annual distributions, and full replication of its underlying index; the fund is domiciled in the United States and managed by Krane Funds Advisors, LLC (KraneShares), a specialist investment manager founded in 2013 with headquarters in New York, NY, and additional offices in San Francisco, CA, and London, UK. The most significant recent development for KCAI was its launch in August 2024 as KraneShares' first AI-powered ETF focused exclusively on China A-shares, marking a strategic expansion into quantitative, machine learning-driven strategies amid challenges for traditional active managers in generating alpha in this market. Since inception, the fund has grown its net assets to approximately $10 million, with approximately 250,000 shares outstanding and top holdings such as Suzhou TFC Optical Communications, Zangge Mining, and Eoptolink Technology, reflecting dynamic rebalancing via the AI process. No further major acquisitions, partnerships beyond the sub-advisory relationship with Quant Insight, funding rounds, or operational reorganizations have been reported in the past year.