The KraneShares Electric Vehicles and Future Mobility Index (NYSE ARCA:KARS) is an investment fund that focuses on companies driving the electric vehicle (EV) revolution and shaping the future of mobility. To achieve its investment objective, the fund will allocate at least 80% of its net assets (plus borrowings for investment purposes) to securities that replicate the performance of its underlying index or to instruments that exhibit similar economic characteristics.
The underlying index is designed to track the equity market performance of companies that are actively involved in the production of electric vehicles or their components, such as batteries, motors, and charging systems. Additionally, the index includes companies that are engaged in other initiatives that have the potential to transform the future of mobility, such as autonomous driving, ride-sharing, and vehicle electrification. The index provider carefully selects and weights the companies in the index to provide a comprehensive representation of the EV and future mobility ecosystem.
By investing in the KraneShares Electric Vehicles and Future Mobility Index, investors can gain exposure to a diversified portfolio of companies that are leading the transition to a more sustainable and efficient transportation system. The fund's investment strategy is designed to provide investors with a convenient and cost-effective way to participate in the growth of the EV and future mobility industry, which is expected to continue to expand in the coming years as governments and consumers increasingly prioritize environmental sustainability and reduced greenhouse gas emissions.
The fund is listed on the NYSE ARCA exchange under the ticker symbol KARS, making it easily accessible to investors who want to capitalize on the opportunities presented by the EV and future mobility revolution. The fund's website provides additional information on its investment strategy, portfolio holdings, and performance, as well as other relevant details for investors who want to learn more about this innovative investment opportunity.