BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today announced that KraneShares, a New York- based ETF company focused on providing investment exposure to the market in China, has listed the KraneShares FTSE Emerging Markets Plus ETF on BATS Exchange. The new ETF, which listed on Friday, Feb. 13th, trades under the symbol KEMP and is KraneShares’ first listing on BATS Exchange.
The KraneShares FTSE Emerging Markets Plus ETF is gross domestic product (GDP) weighted and includes China A Shares and China N Shares. KEMP will have an overweight to China (48% total weight) and India (17% total weight); a 23% and 5% higher allocation than the standard FTSE Emerging Index, respectively. KEMP’s China investment universe includes China A Shares – the best performing country equity market in 2014 – and China N Shares – Alibaba, Baidu, JD.com and others. The standard FTSE Emerging Index does not include China A Shares or N shares.
“We are honored that KraneShares has selected BATS Exchange as its listing destination and we look forward to helping bring this innovative ETF to market,” said Brian King, Director of U.S. Listings at BATS. “With its focus on serving global investors with ETFs for the next wave of China’s development, KraneShares provides a unique product offering and we look forward to helping them meet their goals for this new ETF.”
“The KraneShares FTSE Emerging Markets Plus ETF is a milestone for the ETF industry as the first U.S. ETF to offer Emerging Market and China A-Share exposure. This ETF is a potential solution to help investors increase their portfolio’s allocation to China equities and diversify their China investment exposure by including China A-Share and N-Share equities,” said Brendan Ahern, KraneShares' Chief Investment Officer. “We are excited to bring this product to market through our listing on BATS Exchange.”
BATS does not charge an annual fee for issuers to list on BATS Exchange. Additionally, BATS is focused on improving market quality for every product that lists on the exchange through innovative market maker programs, which include the Competitive Liquidity Provider (CLP) and Lead Market Maker (LMM) programs.
Additional information on the BATS Listings program, including the BATS Listings Rules, is available on the BATS Listings website. Companies interested in learning more may email listings@bats.com.
