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  1. #1
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
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    Default Carbon Fund - CO2

    Its a long wait for a new listing, but we have a new one today. A Carbon Fund trading under CO2.

    Salt’s Carbon Fund Debuts on the NZX
    https://www.nzx.com/announcements/326505

    Anyone have any interest or been following this?

    Risk level rated by the Salt Funds: High

  2. #2
    Legend minimoke's Avatar
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    First time I can say I am ethically opposed to an investment opportunity. This wont see any of my cash.

  3. #3
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
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    Quote Originally Posted by minimoke View Post
    First time I can say I am ethically opposed to an investment opportunity. This wont see any of my cash.
    I think I hold the same skepticism, not likely to jump in any time soon until it offers more clarity and results to show its a profitable offering. Given the lack of listings this has caught my interest, curious to see how it plays out over time.

  4. #4
    Member Onion's Avatar
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    Quote Originally Posted by minimoke View Post
    First time I can say I am ethically opposed to an investment opportunity. This wont see any of my cash.
    Can you elaborate on your ethical opposition? Are you objecting to carbon trading, to Salt or to this fund?

  5. #5
    Legend minimoke's Avatar
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    Quote Originally Posted by Onion View Post
    Can you elaborate on your ethical opposition? Are you objecting to carbon trading, to Salt or to this fund?
    Carbon Trading - seems to me feeding off the fears of vulnerable, simple people

  6. #6
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    Quote Originally Posted by minimoke View Post
    Carbon Trading - seems to me feeding off the fears of vulnerable, simple people
    That is my opinion as well. Just a money go round.

  7. #7
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    Quote Originally Posted by 777 View Post
    That is my opinion as well. Just a money go round.
    more like a ponzi scheme if you ask me

  8. #8
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    Quote Originally Posted by 777 View Post
    That is my opinion as well. Just a money go round.
    As long as the money goes back around into planting more trees then its fine. However, this has not historically been the case and a fund holding NZU's for price speculation reasons does not bode well to actually helping NZ meet its climate change commitments.

  9. #9
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    Surely it is a sure bet . Price of carbon will increase substantially over time .

  10. #10
    Legend minimoke's Avatar
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    Quote Originally Posted by horus1 View Post
    Surely it is a sure bet . Price of carbon will increase substantially over time .
    Same was said of Cryptocurrencies

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