In this quarter’s climate report, we examine global carbon allowance markets, which experienced a range of dynamics affecting performance. While EU markets finished relatively flat and the UK was down, California had a moment in the sun, appreciating 6.1%. Our KraneShares California Carbon Allowance Strategy ETF (ticker: KCCA) also had a strong quarter, slightly outperforming CCA appreciation, returning 6.8% for the period and 25.70% YTD¹.

Download our summer climate report for comprehensive coverage of carbon markets and electrification metals.

Summer Climate Report Contents:

• Climate Suite Performance and Futures Pricing Tables
• Carbon Market Recap & Outlook
• Electrification Metals Update
• Carbon Correlations, Market Modeling & Performance

For KCCA standard performance, top 10 holdings, risks, and other fund information, please click here.

1. Data from Bloomberg as of 7/31/2023