KraneShares’ European Carbon Allowance ETF (KEUA), focused on the EU cap-and-trade carbon allowance program, has gained 7.5% over the past week. The fund, benchmarked to the IHS Markit Carbon EUA Index, has climbed 33.9% over a year, now managing $21 million in assets. The recent returns could be linked to the European Union’s Carbon Border Adjustment Mechanism, which imposes costs on the carbon content of imported raw materials.
KraneShares European Carbon Allowance ETF Rallies
KraneShares’ European Carbon Allowance ETF (KEUA), focused on the EU cap-and-trade carbon allowance program, has gained 7.5% over the past week. The fund, benchmarked to the IHS Markit Carbon EUA Index, has climbed 33.9% over a year, now managing $21 million in assets. The recent returns could be linked to the European Union’s Carbon Border Adjustment Mechanism, which imposes costs on the carbon content of imported raw materials.