Solactive launches Emerging Markets Consumer Technology Index

Ridhima Sharma
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Solactive announced the release of the Solactive Emerging Markets Consumer Technology Index used as the reference index for the KraneShares Emerging Markets Consumer Technology Index ETF (Ticker KEMQ) trading on the NYSE Arca. The Index selects companies from 26 eligible countries within emerging markets whose primary business is internet retail, payment processing, software for internet and E-Commerce transactions, among others.

This index is aimed at investors looking to gain access to the growing role of internet technology and e-commerce in emerging markets. The index invests in technology-related shares selected based on specific liquidity and market capitalisation requirements. As of October 13, 2017, 58% of the index was composed of companies operating in industries such as Internet and Data Services, Software, and General Merchandise Retail.

Timo Pfeiffer, head of Research at Solactive, commented: “The market for consumer technology has experienced significant success on a global level, with considerable growth coming from emerging markets due to increasing purchasing power in these regions. The Solactive Emerging Markets Consumer Technology Index allows investors to take advantage of these developing trends, while limiting exposure to individual companies.”

Brendan Ahern, chief investment officer at KraneShares, said: “We are very pleased to partner with Solactive to deliver the index for our KraneShares Emerging Markets Consumer Technology ETF (Ticker KEMQ). The index development team was extraordinarily flexible in designing the index to match our views on the emerging markets consumer technology sector.”