John Hood
KraneShares Global Carbon Strategy ETF
KRBN-N
N/A
Jul 08, 2022
Very niche ETF based on commodity prices which makes hard to value.
Product made for investors interested in climate change and carbon capture.
Investor concerns for ESG seems to be going down (could be a reversal of trends).
Underlying holding is futures markets. They have forward premiums which erode net asset value in the long term. Not ideal for long-term holding. More a trading asset. Useful to have efficient carbon pricing markets. Good idea to invest keeping those caveats in mind.