GRNTF - Carbon Credits ETN for diversification and profitable altruism?

[j109sb]

Can it be considered it's own asset class and a way to diversify a portfolio or just a leveraged bet on oil? Even if it is it could be a cheaper way to bet on oil by avoiding the roll or could be an arbitrage opportunity. It's up 230% over a year.

"A carbon credit is a generic term for any tradeable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent (tCO2e) equivalent to one tonne of carbon dioxide" - Wikipedia

http://www.ipathetn.com/US/16/en/details.app?instrumentId=31022

I'm a student writing a a short report on Socially Responsible Investments and would love to have the input of someone experienced with this product -a brief interview over the phone would be a massive bonus.

 

[Sig]

Can it be considered it's own asset class and a way to diversify a portfolio or just a leveraged bet on oil? Even if it is it could be a cheaper way to bet on oil by avoiding the roll or could be an arbitrage opportunity. It's up 230% over a year.

"A carbon credit is a generic term for any tradeable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent (tCO2e) equivalent to one tonne of carbon dioxide" - Wikipedia

http://www.ipathetn.com/US/16/en/details.app?instrumentId=31022

I'm a student writing a a short report on Socially Responsible Investments and would love to have the input of someone experienced with this product -a brief interview over the phone would be a massive bonus.

This is really a play on politics more than anything else. More countries accept that climate change is something they should do something about, the bigger the sector gets. Anti-science types take over, it shrinks. Makes it very difficult to analyze, because while there are solid fundamentals like marginal abatement cost curves, they're overwhelmed by the political side as big ecomies cycle in and out of the protocols. Worth thinking through, just not easy.

 

[lightninboy]

GRN was hot and then they changed the name to GRNTF.....