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ETFs

KraneShares MSCI All China Health Care Index ETF

KURE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 01 2018
Expense Ratio
0.65%
Type
Global Ex. US Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
$173,090
AUM
$67,644,535
Associated Index
MSCI China All Shares Health Care 10/40 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

2269
Wuxi Biologics (Cayman) Inc.
8.59%
300760
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Ordinary Shares - Class A
6.52%
600276
Jiangsu Hengrui Pharmaceuticals Co. Ltd. - Ordinary Shares - Class A
5.56%
6160
BeiGene Ltd
4.88%
603259
Wuxi AppTec Co. Ltd. - Ordinary Shares - Class A
4.03%
300015
Aier Eye Hospital Group Co.Ltd. - Ordinary Shares - Class A
3.32%
1093
CSPC Pharmaceutical Group Limited.
3.17%
600436
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. - Ordinary Shares - Class A
3.09%
1801
Innovent Biologics Inc
2.66%
300122
Chongqing Zhifei Biological Products Company - Ordinary Shares - Class A
2.33%
Invest with KURE

What is KURE?

KURE seeks to measure the performance of MSCI China All Shares Health Care 10/40 Index. The Index is a free float adjusted market capitalization weighted index designed to track the equity market performance of Chinese companies engaged in the health care sector. The securities in the Index include all types of publicly issued shares of Chinese issuers, which are listed in Mainland China, Hong Kong and United States. Issuers eligible for inclusion must be classified under the Global Industry Classification Standard as engaged in the healthcare sector. The issuers included in the Underlying Index may include small-cap, mid-cap and large-cap companies.

ETFs related toKURE

ETFs correlated to KURE include CXSE, GXC, MCHI

KURE
KraneShares Trust - KraneShares MSCI All China Health Care Index ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
GXC
SSgA Active Trust - SPDR S&P China ETF
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
CNYA
BlackRock Institutional Trust Company N.A. - iShares MSCI China A ETF
ASHR
DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF
CHAU
Direxion Shares ETF Trust - Direxion Daily CSI 300 China A Share Bull 2X Shares
KBA
KraneShares Trust - KraneSharesBosera MSCI China A 50 Connect Index ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
YINN
Direxion Shares ETF Trust - Direxion Daily FTSE China Bull 3X Shares
FXI
BlackRock Institutional Trust Company N.A. - iShares China Large-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toKURE

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with KURE using Composer

FAQ

KURE is a Global Ex. US Equities ETF. KURE seeks to measure the performance of MSCI China All Shares Health Care 10/40 Index. The Index is a free float adjusted market capitalization weighted index designed to track the equity market performance of Chinese companies engaged in the health care sector. The securities in the Index include all types of publicly issued shares of Chinese issuers, which are listed in Mainland China, Hong Kong and United States. Issuers eligible for inclusion must be classified under the Global Industry Classification Standard as engaged in the healthcare sector. The issuers included in the Underlying Index may include small-cap, mid-cap and large-cap companies.

KURE tracks the MSCI China All Shares Health Care 10/40 Index.

No, KURE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KURE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KURE is 0.0267%. This is the percent change in the value of KURE over the most recent 1-month period. The 3-month return on KURE is -0.0106%. This is the percent change in the value of KURE over the most recent 3-month period.

The standard deviation of KURE for the past year is 0.3082%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KURE include IXJ, SMH, and URA.

ETFs correlated to KURE include CXSE, GXC, and MCHI.

ETFs that are inversely correlated to KURE include YANG, EDZ, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.