KraneShares Electric Vehicles and Future Mobility Index ETF (KARS)
- Previous Close
19.52 - Open
19.46 - Bid 19.01 x 1000
- Ask 19.34 x 1400
- Day's Range
19.09 - 19.31 - 52 Week Range
19.00 - 33.30 - Volume
1,849 - Avg. Volume
28,108 - Net Assets 84.97M
- NAV 19.67
- PE Ratio (TTM) 10.47
- Yield 1.16%
- YTD Daily Total Return -24.05%
- Beta (5Y Monthly) 1.25
- Expense Ratio (net) 0.72%
The fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its underlying index or in instruments that have economic characteristics similar to those in the underlying index. The index is designed to track the equity market performance of companies engaged in the production of electric vehicles or their components or in other initiatives that may change the future of mobility, as determined by index provider.
KraneShares
Fund Family
Industrials
Fund Category
84.97M
Net Assets
2018-01-18
Inception Date
Performance Overview: KARS
View MoreTrailing returns as of 7/31/2024. Category is Industrials.
People Also Watch
Holdings: KARS
View MoreTop 10 Holdings (40.10% of Total Assets)
Sector Weightings
Research Reports: KARS
View MoreMid Cap U.S. Pick List July 2024
This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.
Recent weakness offers buying opportunity
Albemarle is a global manufacturer of highly engineered specialty chemicals for a wide range of markets. The company became a top manufacturer of lithium (used in a number of industries but particularly for batteries in electric cars) through its January 2015 acquisition of Rockwood Holdings. Its other leading products are bromine, which is used in fire safety solutions, and catalysts used in oil refining.
RatingPrice TargetUS Tariffs on Chinese EVs Do Not Change Our View of US EV Adoption
Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid- to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.
RatingPrice TargetLithium: China Auto Trade-In Subsidy Supports Our View for Growing Lithium Demand and Higher Prices
Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.
RatingPrice Target