News / Media

#WhatstheFund? It’s KRBN, the KraneShares Global Carbon ETF

Luke Oliver, Managing Director and Head of Strategy at KraneShares, tells us about the fund.

Introduction

Judy: I’m Judy Shaw for What’s the Fund? Joining me today is Luke Oliver. Luke is Managing Director and Head of Strategy at KraneShares! Hi there Luke – how are you doing?

Luke: Hey Judy, how are you? Thanks for having me on!

Judy: Great! Quick note to our viewers: this interview is for informational purposes only. The NYSE doesn’t recommend any investments or investment strategies. So Luke, tell me – what’s the fund you’re talking about today?

Introduction

Judy: I’m Judy Shaw for What’s the Fund? Joining me today is Luke Oliver. Luke is Managing Director and Head of Strategy at KraneShares! Hi there Luke – how are you doing?

Luke: Hey Judy, how are you? Thanks for having me on!

Judy: Great! Quick note to our viewers: this interview is for informational purposes only. The NYSE doesn’t recommend any investments or investment strategies. So Luke, tell me – what’s the fund you’re talking about today?

Introduction

Judy: I’m Judy Shaw for What’s the Fund? Joining me today is Luke Oliver. Luke is Managing Director and Head of Strategy at KraneShares! Hi there Luke – how are you doing?

Luke: Hey Judy, how are you? Thanks for having me on!

Judy: Great! Quick note to our viewers: this interview is for informational purposes only. The NYSE doesn’t recommend any investments or investment strategies. So Luke, tell me – what’s the fund you’re talking about today?

It’s also a great diversifier – this almost doesn’t correlate to anything. To US Equities, which is the closest correlation, is less than 0.4. It’s really quite an interesting and dynamic product in that sense, and if you look at what people are forecasting for the price of KRBN, most economists will bank- IHS Markit and others are forecasting that the price of KRBN has get up to $100 per ton/unit of carbon. To put some context into that, using our benchmark which is the global price of carbon, we see that around $35 right now.

If you think of some of the things we hold, the Northeast US and California, they’re at $9 and $18 respectively. Lots of potential growth in the allocations that we have in our fund. So when you look at it like that, KRBN can be a great allocation and diversifier, and performer in a portfolio, especially given the shift towards ESG and thinking about climate and impact-related investing. Of course, it’s listed here at the New York Stock Exchange.

Judy: So where can we go to learn more about this fund?

Learn More

Luke: So kraneshares.com will have all the information, including on KRBN. If you want to get straight to KRBN, it’s simply kraneshares.com/krbn.

Closing Remarks

Judy: Alright, Luke. It’s been great talking to you. Thanks for joining me on What’s the Fund.

Luke: Thank you, Judy!


*Alternatives are available via different types of securities or investment options.

Diversification does not ensure a profit or guarantee against a loss.