Investors Eye KraneShares Mount Lucas Managed Futures ETF Amid Drawdown
The KMLM ETF, managed by KraneShares, recently hit a new 52-week low, with a 30.87% drawdown as of June 18. Despite its broad exposure to global futures in commodities, currencies, and fixed income, the fund has struggled with negative risk-adjusted returns, raising concerns for diversification seekers.