KraneShares Global Carbon Strategy ETF - KRBN STOCK NEWS

Krane Funds Advisors announced that the KraneShares Global Carbon Strategy ETF (NYSE: KRBN) now includes United Kingdom carbon allowance futures, enhancing its investment strategy. The ETF's new weightings are 60% European Union Allowances, 25% California Carbon Allowances, 5% Regional Greenhouse Gas Initiative Allowances, and 5% United Kingdom Allowances. Since inception, KRBN has seen strong inflows, ranking among the top ten ETF launches in the US. Year-to-date, the fund has returned 100.12%, driven by growing recognition of the need for higher carbon prices to support climate goals.

Krane Funds Advisors has launched two new carbon market ETFs: the KraneShares European Carbon Allowance ETF (KEUA) and the KraneShares California Carbon Allowance ETF (KCCA). These funds aim to provide targeted exposure to carbon allowance markets under cap-and-trade programs, assisting in achieving climate goals. The firm’s existing KraneShares Global Carbon ETF (KRBN) has accumulated over $900 million in AUM and returned 105.45% since inception. KEUA focuses on the EU market, while KCCA targets California's emissions, which cover significant portions of their respective total emissions.

Krane Funds Advisors announced that its KraneShares Global Carbon ETF (NYSE: KRBN) has exceeded $500 million in assets under management within its first year. With a remarkable 77% return as of July 30, 2021, KRBN is noted as the largest publicly-listed carbon allowance ETF globally. The ETF aims to impact environmental change by making carbon emissions more costly, with current prices around $33.85 per ton and projections reaching $147 by 2030. The fund currently holds over 15,000 carbon futures contracts, equating to over 15 million tons of carbon emissions.

The KFA Global Carbon ETF (Ticker: KRBN) has appointed Nobel Laureate Robert Engle as Chairman of the Climate Finance Partners Advisory Board. Engle, a recognized expert in volatility and sustainable investing, will provide insights into global carbon allowance markets. He takes over from John Kerry, who has joined the Biden administration as U.S. Special Presidential Envoy for Climate. CLIFI collaborates with IHS Markit to track cap-and-trade programs, enhancing investor opportunities in carbon allowances. The IHS Markit Global Carbon Index returned 31.21% in 2020, reflecting growth in this market.

Krane Funds Advisors has launched the KFA Global Carbon ETF (ticker: KRBN) on the New York Stock Exchange, marking it as the first US-listed ETF that integrates major carbon allowance markets. The ETF is benchmarked to IHS Markit's Global Carbon Index, covering cap-and-trade programs like EU Allowances and California Carbon Allowances. As of July 29, 2020, the global price of carbon stood at $19.77 per ton, with estimates suggesting prices need to rise to $50-$100 for effective emissions reductions, aligning with the Paris Agreement goals.