PHO - KraneShares looks to launch a Healthy Ocean ETF

2023-04-25 15:29:09 ET

KraneShares intends to launch an ESG-focused exchange traded fund that offers access to companies it believes are in pursuit of healthier oceans.

The ETF issuer plans to unveil the KraneShares Rockefeller Ocean Engagement ETF, according to a prospectus filed with the U.S. Securities and Exchange Commission.

As outlined in the regulatory submission, the ETF will aim to offer exposure to stocks it refers to as “ocean related companies,” which include water infrastructure and technology firms, aquaculture operators, commercial fishing businesses, recreational marine product companies, tourism and leisure companies, along with other companies deemed to be ocean leaders, solution providers and improvers.

The prospectus did not list a ticker symbol or expense ratio but it did note that the ETF will look to trade on the New York Stock Exchange.

While the anticipated fund did not list any of its holdings, the ETF will likely share some resemblance to other water-related funds already on the market. Here are some of the more high-profile names in the group:

• Invesco Water Resources ETF ( NASDAQ: PHO )
• First Trust Water ETF ( NYSEARCA: FIW )
• Global X Clean Water ETF ( NASDAQ: AQWA )
• Invesco S&P Global Water Index ETF ( CGW )
• Invesco Global Water ETF ( NASDAQ: PIO )
• Ecofin Global Water ESG Fund ( EBLU )

See how the above 6 exchange traded funds fared against each other over the course of 2023.

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