Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Chinese I-Bank Buys a Gotham ETF Shop Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 10, 2017

A Chinese I-Bank Buys a Gotham ETF Shop

by: Jennifer Qiao

China International Capital Corporation (USA) Holdings, Inc (CICC) is acquiring a majority stake in New York City based Krane Funds Advisors, LLC. Krane Funds confirmed the deal in a KraneShares filing with the SEC. China International Capital Corporation Holdings is a wholly-owned indirect subsidiary of China International Capital Corporation Limited and has an office in New York City.

Bi MingJian
Chinese International Capital Corporation
Chief Executive Officer


Eric Hwang, chief compliance officer at CICC, was not immediately able to comment. Brendan Ahern, chief investment officer of KraneShares, also could not be immediately reached for comment.

According to the IAPD filed in March 31, 2017, Jonathan Krane, CEO and managing member at Krane Funds, owns between 25 percent-50 percent of the company; Jennifer Krane, chief compliance officer, owns between 10 percent-25 percent; and Brendan Ahern, chief investment officer, owns less than 5 percent of the company. The 8 employee shop has $325 million in AUM.

KraneShares Trust consists of funds KraneShares Sacks New China ETF, KraneShares CSI China Internet ETF, KraneShares Bosera MSCI China A Share ETF, KraneShares E Fund China Commercial Paper ETF, and KraneShares FTSE Emerging Markets Plus ETF.

KraneShares partners with asset managers in China including E Fund Management and Bosera Asset Management. KraneShares has launched ETFs across different asset classes and also invests in China's interbank bond market. Their products cover equities listed on the Shanghai, Shenzhen, Hong Kong, New York, and NASDAQ exchanges.

CICC, founded in 1995, is based in Beijing and is China's first joint venture investment bank. CICC's full-service business framework involves investment banking, equities, FICC, wealth management and investment management.

In 2009 CICC US Securities opened an office in New York and is the center for CICC's business operations in the Americas; it provides equity research, and sales and trading services for US and Canadian institutional investors that invest in China. CICC is the first B-D to provide services of securities listed on the US exchanges.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Gamification of Securities Trading: Fad or the Future?, April 14
  2. IDC Speaker Series - Diversity, Inclusion, and Implicit Bias: An Interview with Song Richardson, April 14
  3. IDC Virtual Roundtable: New Jersey and Pennsylvania - April 2021, April 15
  4. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  5. The 31st Sub-Advised Funds Forum, Apr 20-21
  6. ETF.com Awards 2020, April 20
  7. IDC Virtual Roundtable: Florida - April 2021, April 20
  8. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  9. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  10. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  11. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  12. IDC Webinar: The Future of the Workplace - April 2021, April 23
  13. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  14. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  15. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  16. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  17. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  18. ICI 2021 General Membership Meeting - Day 1, May 6
  19. Emerging Manager Forum USA, May 12-14
  20. ICI 2021 General Membership Meeting - Day 2, May 13
  21. 2021 FINRA Annual Conference, May 18-20
  22. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  23. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use