Simplify Asset Management, a provider of exchange-traded funds (ETFs), has announced the launch of the Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG).
KNRG is actively managed by the team at Kayne Anderson, which brings experience in managing private- and public-market investments in energy and infrastructure. The fund seeks to deliver attractive monthly income by investing in the credit instruments of energy and infrastructure companies, which can include bonds, as well as notes, loans and hybrid or preferred shares.
“Energy and infrastructure stand to benefit from a number of favorable tailwinds, including the growing push for reshoring, increased public sector infrastructure spending and the continued digitization of our economy, which is incredibly energy-intensive,” said David Berns, CIO and co-founder of Simplify.
“In addition, energy and infrastructure credits like those making up the holdings of this new fund have had a meaning
