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Prospr Aligned celebrated the launch of The Frontier Economic Fund (NYSE: AKAF) by ringing the NYSE closing bell on July 2, 2025. The new ETF focuses on companies contributing to Alaska's economic growth, tracking 137 companies with significant operations and investments in the state.
Led by CEO Derek Kreifels, the fund represents a milestone in values-aligned investing, aiming to support local communities, job creation, and long-term prosperity in Alaska. The ETF is managed by Vident Asset Management, offering investors an opportunity to participate in Alaska's economic future while maintaining fiduciary excellence.
Alaska Commissioner of Revenue Adam Crum and Prospr Aligned have launched The Frontier Economic Fund (NYSE: AKAF), a new ETF focused on companies driving sustainable growth in Alaska. The fund tracks 137 companies with significant operations and investments in Alaska's key economic sectors including energy, mining, tourism, cargo, transportation, and retail.
The announcement highlights Alaska's economic momentum, with 7,700 new jobs added in 2024, returning to pre-pandemic levels. Construction employment has increased 25% since 2019. The fund, managed by Vident Asset Management, launched on June 25, with an NYSE bell-ringing scheduled for July 2.
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