Leveraged Daily Exposure to PDD Holdings Through a Single ETF
An exchange-traded fund from KraneShares designed to provide leveraged exposure to PDD Holdings’ daily stock price movements.
KraneShares has introduced the KraneShares 2× Long PDD Daily ETF (KPDD), a single-stock leveraged exchange-traded fund designed to seek approximately twice (200%) the daily percentage change of PDD Holdings’ U.S.-listed shares or American Depositary Receipt (ADR), before fees and expenses. The ETF is structured to provide amplified exposure to PDD Holdings’ day-to-day price movements, resetting its exposure each trading day and offering investors a tactical, exchange-traded vehicle for expressing short-term bullish views on the stock.
KraneShares 2× Long PDD Daily ETF (KPDD)
The KraneShares 2× Long PDD Daily ETF (KPDD) is designed to provide investors with leveraged exposure to PDD Holdings, the parent company of Temu and one of the world’s largest e-commerce platforms. PDD operates in more than 19 countries and has played a central role in shaping global online retail through its development of “social commerce.”
PDD Holdings has experienced rapid growth, surpassing Amazon in monthly active users in 2024 and generating approximately $50 billion in gross annual merchandise value that same year. The company’s scale, international reach, and sensitivity to trends in online retail and consumer demand have contributed to pronounced short-term movements in its stock price.
KPDD seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change of PDD Holdings’ U.S.-listed shares or American Depositary Receipt (ADR). The fund is designed to amplify daily price movements, allowing investors to express short-term, bullish views on PDD Holdings through an exchange-traded product.
By providing leveraged exposure within an ETF structure, KPDD allows investors to access leverage without borrowing directly or maintaining collateral. Losses are limited to the amount invested in the fund, while returns are driven by the day-to-day performance of the underlying stock. Because the fund targets daily performance, its results reflect the stock’s daily movements rather than its cumulative performance over longer periods.
KPDD is intended for investors who seek short-term tactical exposure to PDD Holdings. The fund may be used to position around near-term developments, market sentiment, or broader trends affecting global e-commerce and online retail. As a single-stock ETF, KPDD offers concentrated exposure rather than diversification across multiple companies.
KraneShares views China Internet as an important global growth theme, noting that online retail sales in China exceeded $2 trillion in 2024, compared to approximately $1 trillion in the United States. Within this broader market backdrop, KPDD provides a focused way to gain leveraged exposure to a major participant in global e-commerce.
KPDD is part of KraneShares’ lineup of leveraged single-stock ETFs, which also includes products such as the KraneShares 2× Long Alibaba Daily ETF (KBAB). These funds are designed to provide targeted exposure to individual companies through transparent, exchange-traded structures that align with specific short-term investment views.
Meet the Executive Team at KraneShares behind this ETF (NASDAQ: KPDD)
Jonathan Krane
Chief Executive Officer
Jonathan Krane is the Founder and Chief Executive Officer of KraneShares, a global asset management firm delivering research-driven, high-conviction investment strategies across China, emerging technologies, alternatives, and income. Under his leadership, KraneShares has become a recognized leader in thematic and international investing, with a platform designed to connect global investors to some of the world’s most strategic growth opportunities.
Jonathan has spent more than two decades working with companies in China and has been instrumental in the development of the firm’s flagship China strategies, including KWEB, one of the largest China-focused ETFs globally. He has also overseen KraneShares’ expansion into carbon markets, AI and robotics, and other emerging areas shaping the global economy.
Jonathan holds an MBA from Columbia Business School and a BA from Connecticut College. He serves on the Board of Trustees of Connecticut College and is a member of the Young Presidents’ Organization (YPO). Jonathan is also the author of The China Dream, a Wall Street Journal bestseller.
Jonathan Shelon, CFA
Chief Operating Officer
Jonathan Shelon is the Chief Operating Officer at KraneShares and joined the firm in 2015. He oversees several business functions that drive efficient growth, and serves on the leadership team.
Jonathan has extensive experience in managing investment portfolios and diverse teams at leading asset management organizations. Prior to Krane, Jonathan was the Chief Investment Officer of the Specialized Strategies Team at J.P. Morgan, overseeing $40 billion in AUM. Prior to joining J.P. Morgan, Jonathan was a portfolio manager at Fidelity Investments where he was responsible for $150 billion in assets for over five million shareholders in Fidelity’s target date strategies, the Freedom Funds. Before Fidelity, Jonathan was a quantitative consultant in the Capital Markets Research Group of Callan Associates where he developed strategic investment plans for institutional clients.
Jonathan received a Bachelor of Business Administration degree in actuarial science from the Fox School of Business and Management at Temple University, and is a Fellow of the Society of Actuaries and Chartered Financial Analyst charter holder.
Brendan Ahern
Chief Investment Officer
Brendan Ahern is the Chief Investment Officer at KraneShares. Brendan joined KraneShares in 2013. Brendan leads the firm’s research and education efforts and actively works with investors on a variety of subjects ranging from asset allocation to trading to articulating the growing influence that index providers hold in the asset management industry. Prior experience includes over ten years with Barclays Global Investors (subsequently BlackRock’s iShares), which he joined in 2001 during the rollout of their ETF business. His career has spanned a period of tremendous growth for ETFs, which has contributed to his profound knowledge of the ETF landscape.
Brendan is considered a preeminent expert in global financial markets with a particular focus on China. He is a frequent visitor to China and actively maintains daily contact with a deep local research network comprised of investment banks, brokers, and regional and boutique research firms. He produces a daily update called China Last Night, which also appears as a column on Forbes.com. He is often sought after by leading business and financial outlets and regularly appears on CNBC and Bloomberg to discuss China’s capital markets. He is a frequent guest of Bloomberg Radio’s Daybreak Asia, and he is quoted in The Wall Street Journal and Investor’s Business Daily.
Brendan graduated from the College of the Holy Cross and has a Master of Science in Financial Analysis from the University of San Francisco.
Sources
- https://finance.yahoo.com/quote/KPDD/
- https://kraneshares.com/etf/kpdd/
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