KraneShares Enters the Brazil Market with ETF BDR Listings on B3 – The Brazil Stock Exchange
June 28 2024 - 9:00AM
Krane Funds Advisors, LLC (“KraneShares”), an asset management firm
known for its innovative global exchange-traded funds (ETFs),
announced the listing of its first ETF Brazilian Depositary
Receipts (BDRs) on B3 – the Brazil Stock Exchange. The ETF BDRs
will be available under the following tickers:
- KraneShares CSI China Internet ETF -
BKWB39
- KraneShares Bosera MSCI China A 50
Connect Index ETF - BKBA39
These two products offer dynamic exposure to strategic segments
of China’s markets. The KraneShares CSI China Internet ETF - BKWB39
focuses on China-based companies listed in the United States and
Hong Kong that provide internet-related services and benefit from
increased domestic consumption. The KraneShares Bosera MSCI China A
50 Connect Index ETF - BKBA39 provides exposure to 50 large-cap
companies listed in the Shanghai and Shenzhen stock exchanges
(A-shares) available through Stock Connect.
"Listing these BDRs represents a major step in our commitment to
the Brazil market," said Jonathan Krane, CEO of KraneShares. "China
and Brazil have a strong relationship and KraneShares strategies
help Brazilian investors access long-term growth opportunities in
the world’s second largest economy.”
KraneShares is majority-owned by China International Capital
Corporation (CICC) and has partnered with BTG Pactual for
distribution in Latin America.
“We would like to thank the collaboration of B3, Banco B3, and
BTG Pactual that made it possible to bring our flagship ETFs to the
local market,” said Fernando Cabrales, who leads the Latin America
distribution strategy for KraneShares.
Will Landers, Head of Third-Party Distribution at BTG Pactual,
reiterated the importance of having a partner with deep knowledge
of the Chinese capital markets: “We are excited about the
opportunity to connect our clients in Brazil with the team at
KraneShares so they can take advantage of their expertise, research
capabilities, and unique product offerings.”
About ETF BDRs
ETF BDRs are certificates issued in Brazil representing foreign
investment funds and traded on the Brazilian stock exchange in
local currency. These products allow Brazilian investors to access
foreign markets in a simplified way and expand their portfolio's
diversification strategy.
About KraneShares
KraneShares is a specialist investment manager focused on China,
Climate, and Uncorrelated Assets. KraneShares seeks to provide
innovative, high-conviction, and first-to-market strategies based
on the firm and its partners' deep investing knowledge. KraneShares
identifies and delivers groundbreaking capital market opportunities
and believes investors should have cost-effective and transparent
tools for attaining exposure to various asset classes. The firm was
founded in 2013 and serves institutions and financial professionals
globally. The firm is a signatory of the United Nations-supported
Principles for Responsible Investment (UN PRI).
Risk Disclosures:
This information should not be relied upon as research,
investment advice, or a recommendation regarding any products,
strategies, or any security in particular. This material is
strictly for illustrative, educational, or informational purposes
and is subject to change.
ETF BDRs – Brazilian Depositary Receipts – are securities issued
in Brazil and traded on the Stock Exchange, which are backed by
shares of ETFs – Exchange Traded Funds – issued abroad.
Investing in ETF BDRs involves risks, including risks related to
the liquidity of receipts in the secondary market. It is
recommended that investors carefully read the legal documents of
the products available on the website www.b3.com.br, the official
source for disclosing information on the BDRs of ETFs, with special
attention to the sections relating to the purpose and investment
policy, as well as risk factors, fees, expenses and
charges.
Investments made in ETF BDRs are not guaranteed by any person or
entity, including the service providers of the underlying
ETF.
KraneShares does not sell or distribute investment products in
Brazil. For information on investing or disinvesting in BDRs of
ETFs, the investor must directly contact the depository institution
or the brokerage with which he has an account. Available to
qualified investors only.
Contact:Joseph Dube – KraneShares, Head of
MarketingJoseph.Dube@kraneshares.com