Luxury ETF is breaking outThe Krane shares Luxury ETF was a novel idea to give investors the exposure to the Luxury sector. But with Chinese consumer weak sentiments and inflation in developed countries, the Luxury goods manufacturers had a bad couple of years. Recently the ETF has been breaking out of its 200 Day SMA. After
Key stats
About KraneShares Trust KraneShares Global Luxury Index ETF
Home page
Inception date
Sep 7, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Krane Funds Advisors LLC
Distributor
SEI Investments Distribution Co.
KLXY aims to replicate a global index that is composed of companies related to the luxury sector of developed countries. This refers to firms engaged in travel & leisure, premium ware and apparel, luxury goods, and other similar industries. To be included in the index, securities undergo screening based on minimum size, trading volume, and country of listing. Eligible securities are then ranked by market cap, with the top 25 being selected. The index follows a modified market-cap weighted approach, assigning higher weights to the top 5 securities. The largest receives 10% weight, followed by incrementally decreasing allocations for the remaining top securities. The rest are then capped at a maximum weight of 4.5%. Furthermore, while the fund targets investments in the US, at least 40% of its assets will be invested in foreign entities, markets or firms with considerable business activities outside the United States. The index is rebalanced semi-annually and reconstituted yearly.
Classification
What's in the fund
Exposure type
Consumer Non-Durables
Consumer Durables
Stock breakdown by region
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Neutral
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Summary
Neutral
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Summary
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.