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.
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.
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