GRNiPath Series B Carbon ETN
GRN Fund Description
GRN is an ETN that tracks a liquidity-weighted index of carbon-related credit plans. The index holds December futures contracts on EUAs and CERs.
GRN Factset Analytics Insight
GRN offers exposure to global carbon markets as represented by a Barclays index that measures the performance of emissions units—European Union Allowances (EUAs) and Certified Emission Reductions (CERs)—issued under the European Union Emission Trading Scheme and Kyoto protocol. The index consists of all carbon futures contracts with an open interest greater than zero. Each contract is weighted by its proportional individual volume contributed to the total combined volume of all eligible contracts. The index rebalances annually on November, and exits exposure to contracts expiring in the upcoming December—rolling its exposure to futures contracts expiring in the next December. It is worth mentioning that while the index is calculated in USD, the components are denominated in euros.
GRN Portfolio Management
GRN Tax Exposures
GRN Fund Structure
GRN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GRN. GRN is rated a 5 out of 5.
GRN Tenor Strategy
GRN tracks a single contract until shortly before expiration, and replaces it with a contract for delivery in December of the following year.
GRN Rolling Strategy
GRN's contracts are rolled annually to maintain intermediate exposure.