Plus, we can liberate the hausfrau's pin money for higher purposes like reliquifying banker's and broker's balance sheets. Win, win (well, except for the hausfrau)
DWS, the mutual fund unit of Deutsche Bank AG (DBKGn.DE: Quote), on Tuesday unveiled a fund for private investors in carbon dioxide (CO2) emission rights and related products.
The fund is managed by investment firm Acquila Capital of Hamburg, which will use the research and market expertise of First Climate, a carbon asset management firm and consultant to international organisations, based near Frankfurt.
"The CO2 market is in an early development phase. As an investment house and pioneer for alternative investments, we know that opportunities and possible uncertainties can be very high. This makes professional management all the more important," said Dieter Rentsch, managing partner at Aquila, in a statement.
A spokeswoman for Aquila said the fund would invest directly in European emissions allowances (EUAs), where it was taking a long position....MORE