What The Heck Is A Global Carbon ETN? (And Why Was It Down 25% In June?)

As the size of the ETF lineup has sped towards 1,300, more and more specialized and targeted products have been hitting the market. While most of ETF assets are in “plain vanilla” funds offering exposure to well-known benchmarks, the ETF roster is now filled with dozens of hyper-targeted products offering exposure to exotic and sophisticated asset classes and investment strategies. For every SPY, there is a handful of ETPs such as the Daily 2x VIX Short Term ETN (TVIX), IQ Hedge Macro Tracker ETF (MCRO), or 2x Oil Bull S&P 500 Bear (FOL). One of the more unique products in the ETP universe has actually been around for more than three years; the iPath Global Carbon ETN (GRN) debuted in June 2008. This exchange-traded note is linked to the Barclays Capital Global Carbon Index Total Return Index–a benchmark that likely isn’t recognized by a whole lot of investors. The underlying [...] Click here to read the original article on ETFdb.com. Related Posts: Earth Day Special: Definitive Guide To Clean Energy ETFs This Week In ETFs: February 5th Edition Global Carbon ETF Heats Up Portfolios Ten Worst Performing ETFs Of 2009 Carbon Allowances ETF Throws In The Towel