A Tiny Fund’s Assets Jump 1,700% This Year Thanks to Carbon Boom
- KraneShares’s KRBN is one of fastest-growing ETFs in 2021
- Prices for carbon futures soar amid heightened climate debate
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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.