Despite challenges in the U.S., electric vehicle sales continue to rise overseas. With demand growing in Europe and in China in the opening months of the year, investors would do well to consider the KraneShares Electric Vehicles and Future Mobility ETF (KARS).
In spite of global challenges, China's new energy vehicle market, comprising electric and hybrid vehicles, continues to grow. Investors looking to capture global EV growth through a diversified strategy would do well to consider the KraneShares Electric Vehicles and Future Mobility ETF (KARS).
The KraneShares Electric Vehicles and Future Mobility Index ETF KARS has just hit a significant milestone, making a Golden Cross that has investors' attention piqued and driving optimism.
Recent policy commitments within China lifted Mainland and Hong Kong markets in the last two weeks. Given the robust electric vehicle industry in China, it's no surprise that many of its EV companies' stocks soared on shifting investor sentiment.
China investing has offered investors upside and diversification for a long time, but of late, it's turned off those concerned by a stuttering overall economy in the People's Republic. Debt issues related to real estate continue to cast a long shadow over growth for the country's economy overall.