KraneShares 2x Long MELI Daily ETF (KMLI)

The KraneShares 2x Long MELI Daily ETF (KMLI) is a leveraged single-stock fund from Krane Funds Advisors. It seeks to deliver twice the daily performance of the common stock of MercadoLibre, the Latin American e-commerce marketplace and fintech company behind Mercado Pago.

The fund gains leveraged exposure through swaps and other derivatives and rebalances daily. It therefore targets daily returns only, and returns over periods longer than one day can differ significantly from twice MercadoLibre's cumulative performance.

The product is intended for short-term trading by investors seeking amplified exposure to one company's share price rather than a diversified portfolio.