The fund will seek daily investment results, before fees and expenses, of twice the daily percentage change of the underlying stock.
New York-based asset management firm and exchange-traded fund (ETF) provider, Krane Funds Advisors (KraneShares), has launched the KraneShares 2X Long BIDU Daily ETF (KBDU). The ETF will seek daily investment results, before expenses and fees The ETF seeks daily investment results, before expenses and fees, of twice (200%) the daily percentage change of Baidu, a leading Chinese search engine with cloud computing and robotics business verticals. Further, the fund got listed on Nasdaq on Wedn