KraneShares Electric Vehicles and Future Mobility Index ETF (KARS)
- Previous Close
19.28 - Open
18.98 - Bid 18.74 x 1100
- Ask 19.00 x 1000
- Day's Range
18.98 - 18.98 - 52 Week Range
17.54 - 29.52 - Volume
657 - Avg. Volume
23,666 - Net Assets 78.66M
- NAV 19.28
- PE Ratio (TTM) 10.37
- Yield 1.15%
- YTD Daily Total Return -24.97%
- 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
78.66M
Net Assets
2018-01-18
Inception Date
Performance Overview: KARS
View MoreTrailing returns as of 9/5/2024. Category is Industrials.
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Holdings: KARS
View MoreTop 10 Holdings (41.60% of Total Assets)
Sector Weightings
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Research Reports: KARS
View MoreLithium Americas: General Motors Investment May Come in Alternate Structure
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 TargetSQM Earnings: Lower Lithium Prices Will Likely Lead to Delayed Australia Expansions
Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is developing a hard rock lithium project in Australia and expanding its lithium refining assets in China.
RatingPrice TargetLithium Americas Earnings: Thacker Pass Project Funding on Track to Close
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 TargetAlbemarle Earnings: Plummeting Prices Pause Expansion Plans
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
RatingPrice Target