The asset management firm, KraneShares, has just announced the launch of the KraneShares Electrification Metals ETF (KMET). KMET looks to offer investors exposure to a broad range of key metals used for electrification of the economy by tracking the Bloomberg Metals Electrification Index. The index follows futures contracts for many key metals including, copper, nickel, zinc, aluminum, cobalt, lithium.
ETF Newz Says:
As the global economy begins to decarbonize, renewable energy and electrification look to fill the gap.