KraneShares European Carbon Allowance Strategy ETF
KEUA
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Oct 5, 2021
- CIK
- 0001547576
- Website
- kraneshares.com
- Similar Companies
- Business
- KraneShares European Carbon Allowance Strategy ETF (KEUA) is an exchange-traded fund that provides targeted exposure to the European Union Allowances (EUA) cap-and-trade carbon allowance program through investments in EUA futures contracts; it is benchmarked to the S&P Carbon Credit EUA Index, which tracks the most traded EUA futures; the fund holds futures contracts maturing in the next one or two years, such as the European Union Allowance (EUA) 2026 Future, alongside collateral including cash equivalents, money market funds like State Street Institutional U.S. Government Money Market Fund, Euro FX futures for currency management, and holdings such as KraneShares Sustainable Ultra Short Duration Index ETF. Launched on October 4, 2021, and listed on the NYSE with ticker KEUA, CUSIP 500767561, and ISIN US5007675615, the ETF is actively managed by Krane Funds Advisors, LLC, with Climate Finance Partners serving as sub-adviser; it features a total annual fund operating expense ratio of 0.79%-0.87% and quarterly distributions. The EUA program, the world's oldest and most liquid carbon market covering approximately 40% of EU emissions across 27 member states plus Iceland, Liechtenstein, and Norway, targets at least 55% emissions reduction from 1990 levels by 2030 and climate neutrality by 2050 under the "Fit for 55" package, which increased the annual cap reduction from 2.2% to 4.2%. KEUA forms part of the KraneShares suite of carbon-focused ETFs, including the KraneShares Global Carbon Strategy ETF (KRBN) for broad exposure to global cap-and-trade programs such as EUA, California Carbon Allowances (CCA), Regional Greenhouse Gas Initiative (RGGI), and others; the KraneShares California Carbon Allowance Strategy ETF (KCCA) targeting CCA; enabling investors to customize allocations across carbon markets for price participation, risk hedging, and responsible investing. Krane Funds Advisors, LLC, the investment manager and majority owned by China International Capital Corporation (CICC), was founded in 2013 and is headquartered at 280 Park Avenue, 32nd Floor, New York, NY 10017, with additional offices in San Francisco and London. The firm specializes in climate, China, and uncorrelated assets, with ETFs distributed by SEI Investments Distribution Company. In recent developments, KEUA was formerly known as the KraneShares European Carbon Allowance ETF, reflecting a minor name update; the fund issued quarterly distributions, including $1.673783 per share on December 18, 2024, and $1.563416 on December 20, 2023, with 2025 estimates released on December 8, 2025; performance showed strong gains with YTD returns of 29.35% (NAV) as of late 2025, 31.26% one-year return, and since-inception annualized returns of 4.11%-6.34%; assets under management stood at approximately $7.36-$7.93 million with 275,006 shares outstanding. KraneShares continues expanding its climate suite amid growing demand for carbon allowances, with no major acquisitions, partnerships, or strategic shifts specific to KEUA reported in the last 1-2 years, though the broader firm launched new products like single-stock levered ETFs in 2025.