News / Media

A Tiny Fund’s Assets Jump 1,700% This Year Thanks to Carbon Boom

Bloomberg Green – This year’s surge in carbon prices has turned a little-known ETF into one of the fastest-growing products in the $6.2 trillion industry.

In just five months, the KraneShares Global Carbon ETF (KRBN) has seen its assets jump more than 1,700% to $311 million, according to data compiled by Bloomberg. The exchange-traded fund that invests in carbon credits worldwide is up over 40% since the end of 2020, riding the green revolution sweeping across global markets. That’s about four times the rally in the S&P 500.

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KRBN standard performance
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. KRBN’s gross expense ratio is 0.79%. Top 10 holdings for KRBNcan be found here.

The above link will take you off the KraneShares website. Krane Funds Advisors, LLC (KFA) has included links to unaffiliated third parties for informational purposes only. The links and the views of the third parties do not necessarily reflect the views of KFA, its management, employees, officers, and affiliated entities. All opinions, evaluations, descriptions and statements do not purport to be complete and are subject to change. KFA makes no representation as to the adequacy of information and should not be construed as an endorsement by KFA, its affiliated entities, management, officers, employees and agents.