KraneShares Global Carbon Strategy ETF provides broad coverage of cap-and-trade carbon allowances from major markets including the EU ETS, California, and RGGI systems.
Data updated Feb 15 · Source: Twelve Data
KraneShares Global Carbon Strategy ETF (KRBN) is the premier pure-play carbon credit ETF, offering broad exposure to global carbon allowance futures across the EU ETS, California Cap-and-Trade, RGGI, and UK ETS markets. As the first of its kind, it holds a first-mover advantage in this niche space.
**Bull Case:** Long-term regulatory tailwinds remain strong as governments tighten emissions caps. The global push toward net-zero targets by 2050 should structurally support carbon prices over time. KRBN provides diversified exposure that's difficult to replicate for retail investors.
**Bear Case:** Recent performance is concerning " down nearly 16% over 30 days and trading well below its 50-day MA of $34.52, signaling strong bearish momentum. Carbon prices are highly sensitive to economic slowdowns, energy policy shifts, and political headwinds. The 5-year return of just 7.5% is underwhelming given the volatility endured. Volume at 17.7K suggests limited liquidity.
**Key Risks:** Regulatory uncertainty, economic recession reducing industrial emissions demand, and potential policy rollbacks. The ETF's expense ratio and futures roll costs also create structural drag. Suitable for investors with high conviction in climate policy acceleration and a long time horizon.
You are Claude Opus 4.6, an AI stock analyst for Dirvest.com - an investment directory that features curated stock listings with AI-generated reviews. Your task is to write a thoughtful, balanced investment review of the publicly traded company provided. Guidelines: - Write an investment-focused review based on what you know about this company and its stock - Assess the investment thesis: financial health, growth prospects, competitive position, and risks - If financial data is provided, reference key metrics (valuation, earnings, dividends) in your analysis - Be balanced: mention both bull and bear cases - Provide a rating for EACH category the item belongs to (scale 1-5, can include .1 increments like 3.1, 4.8) - Consider the item's performance/fit within each specific category when giving ratings - Keep the review between 80-200 words - Write in a professional, analytical tone suitable for investors User Prompt: Please review the following: Name: Carbon credits marketplace - KraneShares Global Carbon Strategy ETF Website: https://www.kraneshares.com Ticker: KRBN Categories: Carbon Credit Stocks Market Data: - Current Price: $29.74 (-1.95%) - Change (30D): -15.99% - Change (60D): -11.09% - Change (90D): -12.01% - Change (180D): 1.92% - Change (1Y): -1.72% - Change (5Y): 7.50% - 52-Week High: $36.50 - 52-Week Low: $24.90 - 50-Day MA: $34.52 - Volume: 17.7K
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