The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:An NYC Shop Bets On Carbon Offsets and Transformation Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 27, 2022

An NYC Shop Bets On Carbon Offsets and Transformation

Reported by Neil Anderson, Managing Editor

A Gotham fund firm is rolling out a pair of new funds focused on different aspects of tackling climate change.

Jonathan Krane
Founder, CEO
Yesterday, Luke Oliver, managing director and head of strategy at Krane Funds Advisors, LLC (dba KraneShares [profile]), and Eron Bloomgarden, co-founder of Climate Finance Partners (CLIFI), unveiled the impending launch of the KraneShares Global Carbon Offset Strategy ETF (KSET). KSET's launch comes about a month after the KraneShares team unveiled the launch of the KraneShares Global Carbon Transformation ETF (KGHG).

KSET, which debuts today on the NYSE Arca, Inc., comes with an expense ratio of 79 basis points. CLIFI serves as its non-discretionary investment subadvisor, and KraneShares' James Maund (head of capital markets) and Jonathan Shelon) (chief operating officer) serve as its PMs. Their strategy will mainly involve investing in futures contracts on carbon offset credits.

Oliver describes KSET as "a timely expansion of the KraneShares Climate Investment suite." Bloomgarden puts the launch in the context of the importance of "voluntary carbon markets" in the climate change fight.

KGHG, which debuted on March 16 and had grown to $2.485 million in AUM as of yesterday, comes with an expense ratio of 89 bps. Oliver and new hire Roger Mortimer will PM the new fund, which will invest mainly in companies that are carbon emission reducers.

Mortimer puts the launch of KGHG in the context of the Russian invasion of Ukraine bringing "the risk of energy dependency into sharp focus."

"KGHG will invest in companies around the world that are seeking to lead the race to decarbonize," Mortimer states.

"The climate crisis remains one of the most significant long-term challenges facing the global community," Oliver states. "Investing in companies with the commitment to change and lead — not just the cleanest companies today — may be one of the most impactful ways to rebuild a greener, more resilient economy."

Both new funds are series of the KraneShares Trust, with Krane Funds Advisors as their investment advisors. The new funds' other service providers include: Brown Brothers Harriman & Co. (BBH) as custodian and transfer agent; K&L Gates LLP as counsel; KPMG LLP as independent accounting firm; SEI Investments Distribution Co. as distributor; and SEI Investments Global Funds Services as administrator. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. 2022 ICI Leadership Summit, May 25-26
  2. ALFI Roadshow to New York, May 25
  3. 2022 IDC Fund Directors Workshop, May 26
  4. Irish Funds Annual Global Funds Conference 2022, May 30-31
  5. WealthManagement Edge, May 31 - June 3
  6. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  7. 28th annual Expect Miracles East Coast Classic, June 9
  8. 2022 Sohn Investment Conference, June 9
  9. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  10. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  11. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  12. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  13. 2022 MMI Emerging Asset Managers Forum, June 23
  14. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  15. Financial Planning INVEST, Jun 28-29
  16. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  17. MFDF Director Discussion Series - Open Forum (New York), July 20
  18. 2022 MMI Distribution Leadership Forum, Jul 20-21
  19. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  20. MFDF webinar - Performance, Perception and Manager Selection, September 14
  21. 2022 ICI Tax and Accounting Conference, Sep 18-21
  22. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  23. Nicsa Fearless Leadership Symposium, Oct 6-7
  24. 2022 MMI Annual Conference, Oct 19-21
  25. 2022 IDC Fund Directors Conference, Oct 24-26
  26. 18th annual Expect Miracles Wine & Spirits Event, October 27

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use