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KraneShares has announced that its Electric Vehicles & Future Mobility ETF (KARS) will now track the Bloomberg Electric Vehicles Index, enhancing its investment strategy. The ETF, holding over $200 million in assets under management, covers the complete electric vehicle ecosystem. This index is constructed with rigorous analysis and reevaluated quarterly, comprising significant sectors such as consumer discretionary (38%) and materials (22%). It highlights the company’s commitment to providing innovative investment solutions in the rapidly evolving electric vehicles market.
Bloomberg announced the expansion of its global equity index range, introducing benchmarks for emerging markets, sectors, and thematic indices.
This expansion includes a new Bloomberg Electric Vehicles Index, utilized in the KraneShares ETF (ticker: KARS), focusing on companies with significant revenue from electric vehicles and related technologies.
The new benchmarks cover 26 countries, representing over $14 trillion in market value, and capture over 99% of global market capitalization across 49 countries.
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