MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 14, 2022 A $13B-AUM Firm's Climate Investment Suite Expands The team at a $13.413-billion-AUM (as December 31) asset manager is expanding their climate investment suite.
KMET is a series of the KraneShares Trust. Bloomberg Index Services Limited serves as the fund's index provider, and Krane Funds Advsiors serves as investment advisor. The new fund's three lead PMs include: James Maund, head of capital markets at KraneShares; Anthony Sassine, senior strategist; and Oliver, managing director. Jonathan Shelon, chief operating officer of KraneShares, is also on the fund's PM team. KMET had $20.139 million in AUM as of yesterday, and it comes with an expense ratio of 79 basis points. The fund is desigend to invest in futures contracts on alumninum, cobalt, copper, lithium, nickel, and zone; all metals that are key in renewable energy infrastructure, electric vehicles, and batteries. "Transitional commodities are expected to experience a supply and demand imblanace over teh next decade," Oliver sates. "Now is the time to invest in these electrification metals as demand is poised to accelerate into the energy transition." Gedeon puts teaming up with KraneShares on the new ETF in the context of Bloomberg's goal to "push development forward in providing new solutions for the world's changing investment demands." The new fund's other service providers include: Brown Brothers Harriman & Co. (BBH) as custodian and transfer agent; K&L Gates LLP as counsel' KPMG LLP as indepedent accounting firm; SEI Investments Distribution Co. as distributor; and SEI Investments Global Fund Services as administrator. Printed from: MFWire.com/story.asp?s=65008 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
