ETF GAME: CICC Buys a Majority Stake in Krane Funds Advisors
China International Capital Corporation Limited (CICC) is adding more capabilities to its product line by buying a majority 50.1% ownership stake in Krane Funds Advisors, LLC. Krane Funds Advisors is a New York-based asset manager known for its exchange-traded fund (ETF) product suite known as KraneShares. The deal also enables CICC a greater entry way into the United States.
Krane Funds Advisors has a number of products including the KraneShares Bosera MSCI China A ETF and the KraneShares Zacks New China ETF.
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