$KraneShares Global Carbon Strategy ETF(KRBN)$Price drop from yesterday is due to large sell orders by Russians, according to inside observers. This is because they had secure additional funds given the crash of their currency and illiquidityof their current banking system due to sanctions.Germany's secretary of economics called for a price floor of €65-70/t which was the price levels post drop. Sentiment is still bullish for carbon pricing, given that we are still far from non-relianceon fossil fuel. Hence, i believe holding this etf in the long term. (I work in the energy space, hence, i personally find this etf great as a form of diversification in the clean energy / sustainability space)
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- Hilliton324·2022-03-05I also believe that its decline is only affected by the international situation. New energy will be the leading direction and will be improved.1Report
- LowProfile·2022-03-03thanks for the heads up..2Report