KraneShares Emerging Markets Consumer Technology ETF
KEM
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 1, 2023
- Similar Companies
- Business
- KraneShares Dynamic Emerging Markets Strategy ETF (KEM) is an actively managed exchange-traded fund that seeks to provide investors with exposure to emerging markets equities through a dynamic allocation strategy between China and emerging markets ex-China. The fund primarily invests in KraneShares MSCI All China Index ETF (KALL) for China exposure and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) for non-China emerging markets, with a baseline allocation mirroring MSCI Emerging Markets Index weightings of approximately 31% China and 69% ex-China; allocations are adjusted systematically based on weighted valuation signals, allowing up to 30% overweight or underweight deviations, and up to 10% cash holdings for risk management, with rebalancing occurring at least quarterly or more frequently as needed. The ETF targets institutional and individual investors seeking diversified emerging markets exposure with enhanced returns through active management, operating globally across emerging market regions including Asia, Latin America, and other developing economies. Launched on August 25, 2023, and listed on the NYSE Arca, KEM was managed by Krane Funds Advisors, LLC, an asset management firm founded in 2013 and headquartered at 280 Park Avenue, 32nd Floor, New York, New York; Krane Funds Advisors is majority-owned by China International Capital Corporation (CICC) following a 2017 strategic partnership. The fund featured an expense ratio of 0.47%, assets under management peaking near $1.38 million, and a dividend yield of approximately 2.53%, with performance driven by its proprietary model portfolio that historically outperformed the MSCI Emerging Markets Index. In a significant operational change, the Board of Trustees of KraneShares Trust approved the liquidation and termination of KEM, with shares ceasing trading on the NYSE Arca as of the close of regular trading on September 19, 2024; the fund converted holdings to cash around August 28, 2024, waived advisory fees until liquidation, and distributed net asset value pro rata to remaining shareholders by September 27, 2024, after which the fund terminated. Trading was later noted as suspended before the open on May 21, 2025, with final distributions by May 27, 2025, reflecting low assets and performance challenges in a volatile emerging markets environment. Concurrently, Krane Funds Advisors pursued broader strategic expansions, including a November 2025 partnership with Tether's Hadron platform and Bitfinex Securities to develop tokenized exchange-traded products, and a December 2025 cross-listing of other KraneShares ETFs (KWEB and KRBN) on the Abu Dhabi Securities Exchange to enhance Middle East access.