New Products
Europe’s First Carbon ETC Listed
ETF Securities is to list the first carbon exchange traded
commodity on the London Stock Exchange in the dedicated ETC
segment. ETFS Carbon offers investors, for the first time
in Europe, the opportunity to gain simple and direct exposure to
the carbon emissions allowance futures market. It is expected
that the first day of trading will be 30 October 2008.
ETFS Carbon is designed to track the price of carbon emissions
allowance futures and offer investors a total return. It
tracks the ICE ECX EUA Futures Contract traded in London on the
ICE Futures Market – currently the most liquid exchange traded
contract within the EU emissions trading scheme. Each ETFS
Carbon is initially equivalent to one emissions allowance; the
holder of an emissions allowance owns the right to emit one tonne
of carbon dioxide equivalent gas. On the LSE, ETFS Carbon
will trade in both euros and sterling. Each ETFS Carbon will
begin trading at approximately €18.37 ($23.31;
£14.74).
