KraneShares Global Carbon Offset Strategy ETF
KSET
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- KraneShares Global Carbon Offset Strategy ETF (KSET) provides investors with exposure to the voluntary carbon market through a passively managed exchange-traded fund that primarily holds futures contracts on carbon offset credits; these include Nature-Based Global Emission Offsets (N-GEOs) and Global Emission Offsets (GEOs), which trade on the CME Group exchange; the strategy dynamically incorporates additional offset markets as they achieve sufficient scale, focusing on futures maturing within the next two years. KSET targets institutional and retail investors seeking to participate in global decarbonization efforts via liquid carbon offset derivatives, with a net expense ratio of 0.79%. The ETF operates within the commodities sector, specifically carbon credits, and was launched on April 27, 2022, by Krane Funds Advisors, LLC, headquartered in New York. In March 2024, KraneShares announced the liquidation and termination of KSET due to low investor interest and declining carbon prices, with shares ceasing trading on the NYSE Arca around March 14, 2024; this decision coincided with the closure of several other underperforming funds managed by the firm. No significant partnerships, acquisitions, or new product launches were reported for KSET in the period leading up to its closure.