There were no changes to the KraneShares models this week.
The U.S. and China remain locked in a diplomatic impasse as the Strait of Hormuz is effectively closed amid the ongoing U.S.–Iran conflict (source: chinalastnight.com). The strait serves as the primary export corridor for the world’s largest oil and gas producers, accounting for approximately 20–25% of global energy consumption. As a result, commodities have overtaken international equities to claim the top position in our DALI asset class rankings. Still, Chinese equities continue to stand out as a compelling area of strength in the market. This week, we highlight:
The KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) offers exposure to the EV industry in China. The KARS ETF maintains a near perfect fund score of 5.60. Year-to-date, the fund is up ~3.6%, benefiting from a strong 45% return in 2025. The fund did give a sell signal at $30.50 earlier this month, but the technical picture is still strong overall. Long exposure can be made here, given the weight of the evidence. Initial support is at $30.50, with additional support at $29. Resistance can be seen at $33.50.
