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KraneShares MSCI China Clean Technology ETF (KGRN)
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Upturn Advisory Summary
01/21/2025: KGRN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit -17.65% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 2.0 | ETF Returns Performance 1.0 |
Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 6238 | Beta 1.12 | 52 Weeks Range 17.30 - 27.59 | Updated Date 01/22/2025 |
52 Weeks Range 17.30 - 27.59 | Updated Date 01/22/2025 |
AI Summary
KraneShares MSCI China Clean Technology ETF (KGRN): A Summary
Profile:
KraneShares MSCI China Clean Technology ETF (KGRN) tracks the MSCI China All Shares Clean Technology 10/40 Index, investing in Chinese A-shares, B-shares, H-shares, and Red-Chips related to clean technologies. These include renewable energy, energy efficiency, environmental services, and clean technology materials.
Objective:
KGRN aims to provide investors with long-term capital appreciation by tracking the performance of the clean technology sector in China.
Issuer:
KraneShares is a global asset management firm with over $10 billion in assets under management. They specialize in thematic ETFs focusing on emerging markets and innovative sectors.
Reputation and Reliability:
KraneShares has a strong reputation for its expertise in thematic ETFs and its commitment to ESG investing. They have received numerous industry awards and recognitions.
Management:
The portfolio management team at KraneShares has extensive experience in managing thematic ETFs and analyzing emerging markets. They are supported by a team of research analysts and investment professionals.
Market Share:
KGRN is the largest China-focused clean technology ETF in the US, with over $180 million in assets under management.
Total Net Assets:
$181.58 million as of November 3, 2023.
Moat:
KGRN's competitive advantages include:
- First-mover advantage: KGRN was the first US ETF to offer exposure to the Chinese clean technology sector.
- Experienced management team: The portfolio management team has a deep understanding of the Chinese market and clean technology sector.
- Focus on ESG investing: KGRN aligns with the growing demand for sustainable investment options.
Financial Performance:
KGRN has delivered strong returns since its inception in 2015. Over the past 3 years, it has generated an annualized return of 40.32%.
Benchmark Comparison:
KGRN has outperformed the MSCI China A Index and the Hang Seng China Enterprises Index over the past 3 years.
Growth Trajectory:
The clean technology sector in China is expected to experience significant growth in the coming years, driven by government policies and increasing demand for clean energy solutions. This bodes well for KGRN's future prospects.
Liquidity:
KGRN has an average daily trading volume of over 100,000 shares, indicating good liquidity.
Bid-Ask Spread:
The bid-ask spread for KGRN is typically around 0.10%, which is considered low for an ETF.
Market Dynamics:
The Chinese clean technology sector is influenced by factors such as government policies, technological advancements, and global demand for clean energy.
Competitors:
- iShares Global Clean Energy ETF (ICLN)
- Invesco Solar ETF (TAN)
- First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
Expense Ratio:
0.79%
Investment Approach and Strategy:
KGRN tracks the MSCI China All Shares Clean Technology 10/40 Index, which selects companies based on their involvement in clean technology sectors. The ETF invests in a diversified portfolio of stocks across various market capitalizations.
Key Points:
- Invests in Chinese A-shares, offering unique exposure to the Chinese clean technology sector.
- Strong track record with consistent outperformance.
- Benefits from the growth potential of the Chinese clean technology market.
- Aligned with the growing demand for ESG investing.
Risks:
- Volatility: The clean technology sector is known for its volatility, which can impact KGRN's performance.
- Market Risk: KGRN is exposed to various market risks, including those related to the Chinese economy and political environment.
Who Should Consider Investing:
KGRN is suitable for investors seeking:
- Exposure to the Chinese clean technology sector.
- Long-term capital appreciation potential.
- Diversification within their clean technology portfolio.
- Alignment with ESG investment principles.
Fundamental Rating Based on AI:
Based on an AI-based rating system, KGRN receives a 7/10. This rating considers the ETF's financial health, market position, and future prospects. KGRN benefits from its strong track record, unique investment focus, and alignment with the growing clean technology sector. However, investors should be aware of the inherent volatility and market risks associated with the ETF.
Resources and Disclaimers:
This analysis is based on information available as of November 3, 2023, from sources such as KraneShares website, Morningstar, and Bloomberg. This information is subject to change and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
About KraneShares MSCI China Clean Technology ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund will invest at least 80% of its net assets in instruments in its index or in instruments that have economic characteristics similar to those in the index. The underlying index is a free-float adjusted market capitalization weighted index modified per the 10/40 Constraint designed to measure the equity market performance of Chinese companies in the industrial, utility, real estate and technology sectors that contribute to a more environmentally sustainable economy. It is non-diversified.
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