Posts for Ticker ‘ASO’

The Death of the Carbon Fund ETF (ASO)

Carbon Emission ImageThere are ETF and ETN products for just about everything.  Equities, commodities, and more.  This is even one for “Eu Carbon Allowances,” but not for long.  XShares Advisors LLC has determined to liquidate its AirShares EU Carbon Allowances Fund (NYSE: ASO).  This held much promise for the green investors and for those investors who might have needed some exposure to carbon offsets.  Unfortunately, that promise never took off in trading volume.
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Posted on: July 24, 2009 – 9:40 am in ETF, Green Biz, Mutual Funds,

AirShares: The New Carbon ETF, Sort Of (ASO)

Carbon_emissions_imageMoney_stack_pic_3There is a new ETF in town, or at least a vehicle that is like an ETF, and this one tracks carbon allowances.  AirShares™ EU Carbon Allowances Fund (NYSE Arca: ASO) began trading on the NYSE today. It was launched by XShares Advisors LLC, and this is the first US-traded product that can give exposure to the carbon market by holding European Union Allowances (EUAs) futures contracts.

Technically, a commodity pool and not an ETF.  AirShares seeks to provide results similar to the performance of a basket of four carbon credit futures contracts expiring December 2009 to 2012.  These carbon credits are certified by the European Union, issued by the European Union Emissions Trading Scheme (EU ETS), and allow the holder to emit one metric ton of CO2. 

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Posted on: December 15, 2008 – 2:43 pm in Alternative Energy, ETF,