NEWS AND MEDIA

In a recent episode of “Behind the Ticker,” Tim Kramer, founder of CNIC Funds, shares his extensive background in the energy industry and the innovative approach behind CNIC’s latest offering. Kramer, who has been in the energy sector since 1997, brings a wealth of experience from working with various energy companies and a private equity firm where he managed commodity exposure. This diverse background led him to identify a gap in the market: the lack of electricity in commodity indexes. To address this, Kramer and his team created the first-ever electricity index and subsequently launched the AMPD ETF (ticker: AMPD) in May 2023.

Kramer explains that CNIC’s electricity index is a groundbreaking development, given that electricity is the most consumed commodity in the U.S. but was previously absent from major commodity indexes like the Bloomberg Commodity Index (BCOM) and the Goldman Sachs Commodity Index (GSCI). The AMPD ETF provides direct exposure to electricity futures, which are traded on the Intercontinental Exchange (ICE). By including electricity in an investable format, CNIC aims to offer investors a new way to diversify their portfolios and hedge against inflation, given electricity’s significant impact on CPI and overall economic activity.