Access Carbon-Trading Market Via This ETN
Now to bring in a little politics, people who do believe global warming is a problem might be inclined to view GRN as a one-way trade. The folks who are not concerned about global warming would view this is a poor investment.
Even if the skeptics are right about the importance, it would seem that news flow and awareness will only increase, which provides a tailwind -- but not a one-way trade -- for all carbon indices.
One last thing: GRN is a debt obligation of Barclays PLC (BCS), the same Barclays whose stock price is down 40% year to date (far worse than that of the Financial Sector SPDR (XLF)).
The company recently raised $4.5 billion in capital, and some say more capital may be needed.
I think a failure of Barclays is extremely unlikely, but anyone considering one of the iPath ETNs needs to follow the story.Select the service that is right for you!
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