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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.
