KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) is an exchange-traded fund that seeks to track the performance of the MSCI Emerging Markets ex China Index, providing exposure to large-cap and mid-cap companies across emerging market countries excluding China; it enables investors to construct tailored emerging markets portfolios, often paired with China-focused funds to avoid duplicative exposures. Launched on April 12, 2019, and managed by Krane Funds Advisors, LLC (d/b/a KraneShares), the ETF features a net expense ratio of 0.24%, annual distributions, and top holdings including Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. Ltd., and SK Hynix Inc. KraneShares, founded in 2013 and headquartered at 280 Park Avenue, 32nd Floor, New York, NY, specializes in ETFs targeting China, climate, and alternative assets; the firm maintains additional offices in San Francisco, CA, and London, UK, and is majority-owned by China International Capital Corporation (CICC) since 2017. Geographically, KEMX offers diversified access to emerging markets in regions such as Asia (Taiwan, South Korea, India), Latin America, and others, serving institutional and individual investors seeking blend-style equity exposure in the diversified emerging markets segment. Recent developments include a November 2025 strategic partnership with Tether's Hadron platform and Bitfinex Securities to develop tokenized exchange-traded products and securities infrastructure; a July 2025 collaboration with BlackRock for model portfolio solutions incorporating KraneShares' thematic ETFs; a December 2025 cross-listing of select KraneShares ETFs (KWEB and KRBN) on the Abu Dhabi Securities Exchange to enhance GCC access; and September 2024 leadership expansions with promotions and hires to bolster institutional growth and strategic alliances.