KraneShares 2x Long JD Daily ETF (KJD)

The KraneShares 2x Long JD Daily ETF (KJD) is a leveraged single-stock fund from Krane Funds Advisors. It seeks to deliver twice the daily return of the U.S.-listed American depositary shares of JD.com, the Chinese online retailer and logistics company.

The fund obtains leveraged exposure mainly through swaps and other derivatives and resets its leverage daily. As a result it targets daily returns only, and its performance over longer periods can differ substantially from twice JD.com's cumulative return.

The product is intended as a short-term trading tool for investors seeking amplified exposure to a single company rather than diversified exposure to Chinese equities.