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KraneShares Launches KSPY Tracking an Index Powered by Hedgeye Research Designed to Reduce Volatility and Provide a Downside Hedge on S&P 500
July 16, 2024--Today, Krane Funds Advisors, LLC ("KraneShares"), an asset management firm known for its global exchange-traded funds (ETFs) announced the launch of the KraneShares Hedgeye Hedged Equity Index ETF (Ticker: KSPY) on the New York Stock Exchange (NYSE).
KraneShares has an exclusive license to the Hedgeye Hedged Equity Index provided by Hedgeye Asset Management, LLC ("HAM"), a subsidiary of Hedgeye Risk Management, LLC ("Hedgeye"), a leading independent provider of real-time investment research and online financial media headquartered in Stamford, CT.
KSPY tracks the Hedgeye Hedged Equity Index. The Index provides exposure to the S&P 500 while seeking to reduce volatility and to provide downside risk management. The Index utilizes a model based on Hedgeye's proprietary Risk Range Signals that analyze the daily trading range of the S&P 500. The Index toggles between three options strategies based on where the S&P 500 falls within these ranges.
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Source: KraneShares
