Mirae Asset Securities Lists European Carbon Emission Allowance Futures ETN

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 8th that it will list one Exchange Traded Note (ETN) based on European carbon emission allowance futures on the Korea Exchange.

The newly listed product, ‘Mirae Asset S&P European Carbon Emission Allowances Futures ETN’ (Ticker Code: 520042), is a product that tracks the daily return of the ‘S&P GSCI Carbon Emission Allowances (EUA) ER Index,’ which consists of Eurozone carbon emission allowance futures actively traded on ICE, with a 1x leverage.

A representative from Mirae Asset Securities stated, "Since the Paris Agreement came into effect in 2021, the carbon emission allowance market has continued to grow. The Eurozone carbon emission allowance market has the longest history and largest scale in the world, and the EU carbon emission allowance market sees more active trading in exchange-traded derivatives such as futures and options than in the spot market, leading to continuously increasing investment demand." They added, "Recently, as ESG (Environmental, Social, and Governance) investment has become central and customer interest has risen, we launched this product to meet such investment demand. We will continue to do our best to launch ETN products that meet investment needs."

This product can be traded like regular stocks after the listing date, and inquiries regarding ETN trading and online transaction methods can be confirmed through the Mirae Asset Securities Customer Center.

This content was produced with the assistance of AI translation services.