Traditional healthcare exchange-traded funds primarily focus on large-cap U.S.-based companies. A new ETF shifts the healthcare investing paradigm by emphasizing healthcare opportunities in China, the world’s second-largest economy.
KraneShares, the New York-based ETF sponsor known for its lineup of unique China and emerging markets funds, introduced Thursday the KraneShares MSCI All China Health Care Index ETF (NYSE:KURE).
The KraneShares MSCI All China Health Care Index ETF tracks the MSCI China All Shares Health Care Index. That benchmark includes A-Shares, B-Shares, H-Shares, P-Chips and Red Chips, giving the new ETF exposure to companies listed in mainland China (A-Shares), Hong Kong (H-Shares) and the U.S.
Another China Boom
When it comes to fast-growing sectors, investors often highlight China’s booming consumer discretionary, Internet and technology groups. Those themes are accessible with and reflected in ETFS such as the KraneShares CSI China Internet ETF (NASDAQ: KWEB) and the KraneShares Emerging Markets Consumer Technology ETF (NYSE: KEMQ).
China’s healthcare sector is booming, however, as well and posting growth rates well in excess of the same…