Doesn't bode anything I think. Already plenty of investors making the same guesses. I expect banks and gentailers have trading holdings, using other forms of capital.
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Anyone else following this fund which tracks the price of NZ carbon units?
Has been a good run up in the price of NZUs (which the fund holds) this year with the fixed price purchase option moving from $25 to $35. Has to be more to come in 2021 and onwards with the start of cap and trade, the new auction system and price controls starting at an upper level of $50 for 2021. First auction set for March and looks good barring major policy changes from govt.
You can buy and sell on nzx or buy direct from Salt, which enables a virtuous circle. It has been a great investment so far.