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Paris Exit Won’t Squash Green Bonds

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8 år sedan

den

4 juni, 2017

Paris Exit Won’t Squash Green Bonds. President Trump announced the U.S. withdrawal from the 2015 Paris Agreement on Climate Change, in which nearly 200 countries have pledged to reduce greenhouse gas emissions to limit global warming. There is uncertainty about what this decision will mean for future U.S. policy, given an approximately four-year process to withdraw. While Trump did pledge to re-negotiate the terms, he also announced that current commitments will not be implemented and provided no details on how the U.S. will address climate change, if at all. The Agreement may be weakened as a result, but other large countries (including China and India) and the EU have pledged to remain regardless of what the U.S. does. Beyond increased rhetoric in the near term, it is not clear if Trump’s decision will have a long-term impact on addressing climate change. Theoretically, a “better deal” could result from Trump’s promise to re-negotiate the Agreement, but he would need to convince the rest of the world.

What Does this Mean for Green Bonds?

Regardless of the future of the Paris Agreement, the green bonds market continues to have significant growth potential:

• A Global Market

The U.S. has thus far had a relatively small presence in the global green bonds market. Europe, and more recently China and other emerging markets, have played a much greater role in the development of the market in terms of formulating policies that support market growth. Even though the U.S. has ceded its position on the issue of climate change, other countries will likely continue to make progress on renewables, electric vehicles, etc., providing a strong project pipeline for green bonds.

• Corporate America and U.S. States are on Board

The green bonds market in the U.S. has developed with little support from the federal government. A wide range of companies had urged the administration to remain in the agreement, and corporate issuers like Apple have issued green bonds both to tout their environmental stewardship and in response to investor demand. Much of the growth in the U.S. has been in the municipal market, which is expected to continue to expand given the massive infrastructure investment needed (note that tax-exempt munis are not included in VanEck Vectors® Green Bond ETF’s (GRNB) Index). Twenty states, most notably California, as well as several U.S. cities are pursuing ambitious emissions reductions programs, many in alignment with the goals of the Paris Agreement.

• Economics Favor Continued Progress

Electricity generated from coal has declined by more than 30% from 2005 to 2010, and nearly half of all U.S. power plants that were retired since 2006 were powered by coal.1 Solar and wind power costs are becoming more competitive and solar-related jobs in the U.S. grew 25% last year.2 Chinese coal consumption is also declining as China’s central government continues to adopt policies that favor renewables. Green bonds will play a role in financing the continued transition to renewables.

• Massive Investor Demand

• There is now $22.9 trillion invested globally in strategies that consider ESG (environmental, social, and governance) factors,3 with $8.7 trillion in the U.S (representing 1/5 of all professionally managed AUM, and up +33% since 2014).4 Signatories to the UN PRI (United Nations Principles for Responsible Investment) represent approximately $62 trillion in AUM,5 and signatories to the Paris Green Bond Statement total $10 trillion.6 Investors are increasingly pushing companies to address climate risks. President Trump’s Paris Agreement decision may even may even help mobilize additional capital into environmentally aware strategies such as green bonds.

The U.S. withdrawal from the Paris Agreement is, at the very least, a psychological blow to those concerned about climate change risks. But the ultimate impact remains unclear. It is instructive to recall that the U.S. has actually been a leader in reducing carbon emissions even prior to the Paris Agreement. The Paris Agreement was a major diplomatic achievement, but it is far from perfect (first because its targets are not enforceable and, second, because many see it as inadequate in its current form). The transition to a low carbon economy is already happening both in the U.S. and globally. This transition requires massive amounts of investment, and green bonds will be part of that.

VanEck Vectors Green Bond ETF (GRNB) is the first U.S.-listed fixed income ETF to provide targeted exposure to the fast-growing green bonds market. GRNB was launched on March 3, 2017, and seeks to track the performance and yield characteristics of the S&P Green Bond Select Index (SPGRNSLT), part of a suite of green indices introduced by S&P.

Tackle Climate Change Risk with Green Bonds

William Sokol, ETF Product Manager, and Justine Leigh-Bell, Director of Market Development at the Climate Bonds Initiative, discuss the growing green bonds market.

IMPORTANT DISCLOSURE

1Source: U.S. Energy Information Administration
2Source: Environmental Finance, “US withdrawal from Paris Agreement ‘ an irrelevance’, say investors, 6/1/17
3Source: Global Sustainable Investment Alliance, “2016 Global Sustainable Investment Review”
4Source: US SIF Foundation, “Report on US Sustainable, Responsible and Impact Investing Trends 2016”
5Source: PRI
6Source: S&P Dow Jones Indices

Liknande ämnen:Green Bonds GRNB VanEck

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Concerned about rising government debt? Bitcoin’s got you covered

Publicerad

4 timmar sedan

den

8 september, 2025

Redaktionen

Amid soaring US debt and Gold’s steady gains, Bitcoin has continued to deliver strong returns over the past 15 years. Its scarcity and decentralization make it a hedge that investors can’t ignore, providing new ways to pursue growth, security, and opportunity in an evolving financial landscape.

Investors can’t ignore the corporate world’s big bet on Ethereum

Ethereum is stealing the spotlight, as public companies have accumulated over 4.4 million ETH, worth nearly $19 billion, in the past few months. This treasury boom is outpacing Bitcoin’s early adoption and redefining how Wall Street approaches digital assets.

The rise of Hyperliquid: DeFi’s record-breaking powerhouse

Hyperliquid is making waves in DeFi perpetuals by setting new records, leading trading volumes, and propelling its token to all-time highs. Backed by market volatility, high-performance infrastructure, and concentrated liquidity, the platform continues to draw investors and assert its market dominance.

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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N100 ETF följer det amerikanska Nasdaq 100 indexet

Publicerad

6 timmar sedan

den

8 september, 2025

Redaktionen

iShares NASDAQ 100 Swap UCITS ETF USD (Acc) (N100 ETF) med ISIN IE0001ZFMLN7, försöker följa Nasdaq 100®-indexet. Nasdaq 100®-indexet spårar ett urval av 100 aktier valda bland icke-finansiella aktier noterade på NASDAQ-börsen.

Den börshandlade fondens TER (total cost ratio) uppgår till 0,20 % p.a. ETFen replikerar det underliggande indexets prestanda syntetiskt med en swap. Utdelningarna i ETFen ackumuleras och återinvesteras.

iShares NASDAQ 100 Swap UCITS ETF USD (Acc) är en mycket liten ETF med 4 miljoner euro under förvaltning. Denna ETF lanserades den 3 oktober 2024 och har sin hemvist i Irland.

Varför N100?

Exponering mot 100 av de största amerikanska och internationella icke-finansiella aktierna noterade på NASDAQ-börsen.

Exponering för företag inom stora industrigrupper inklusive hårdvara och mjukvara, telekommunikation, detaljhandel/grossisthandel och bioteknik.

Använd i din portfölj för att söka tillväxt på medellång till lång sikt även om fonden också kan vara lämplig för kortsiktig exponering mot index.

Investeringsmål

Fonden strävar efter att uppnå avkastning på din investering, genom en kombination av kapitaltillväxt och inkomst på fondens tillgångar, vilket återspeglar den totala nettoavkastningen för NASDAQ 100-indexet (”Indexet”).

Handla N100 ETF

iShares NASDAQ 100 Swap UCITS ETF USD (Acc) (N100 ETF) är en börshandlad fond (ETF) som handlas på London Stock Exchange.

London Stock Exchange är en marknad som få svenska banker och nätmäklare erbjuder access till, men DEGIRO gör det.

Börsnoteringar

Börs	Valuta	Kortnamn
Euronext Amsterdam	USD	NASQ
London Stock Exchange	GBP	N100

Största innehav

Kortnamn	Namn	Sektor	Vikt (%)	ISIN	Valuta
XNSX	NASDAQ 100 GROSS INDEX IN USD	Other	99.34	–	USD
FTNT	FORTINET INC	Informationsteknologi	4.92	US34959E1091	USD
AMZN	AMAZON COM INC	Sällanköpsvaror	3.95	US0231351067	USD
EPAM	EPAM SYSTEMS INC	Informationsteknologi	3.81	US29414B1044	USD
TSLA	TESLA INC	Sällanköpsvaror	3.79	US88160R1014	USD
GDDY	GODADDY INC CLASS A	Informationsteknologi	3.49	US3802371076	USD
PYPL	PAYPAL HOLDINGS INC	Finans	3.32	US70450Y1038	USD
ADSK	AUTODESK INC	Informationsteknologi	3.31	US0527691069	USD
NFLX	NETFLIX INC	Kommunikation	3.30	US64110L1061	USD
CDNS	CADENCE DESIGN SYSTEMS INC	Informationsteknologi	3.28	US1273871087	USD

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IncomeShares Monthly Investor Update – August 2025

Publicerad

7 timmar sedan

den

8 september, 2025

Redaktionen

IncomeShares passed three milestones in August. Assets under management climbed to almost $66 million, cumulative fund flows topped $72 million, and turnover across London and Xetra listings reached over $27 million. Palantir paid the highest annualised distribution yield at 57.11%. The sections below break the numbers down in more detail.

Cumulative fund flows

Fund flows track how much money investors put into or take out of IncomeShares ETPs (exchange-traded products). Positive flows mean more money coming in than going out – a sign of demand for the products.

Flows have risen every month this year. In January, they stood at $13.7 million. By the end of August, they reached $72.4 million. That’s over $8 million of new money added in August alone – the biggest increase since May.

Trading turnover

Turnover is the total dollar value of IncomeShares ETPs bought and sold on the exchanges. Higher turnover means more activity and liquidity for investors.

Turnover reached $27.3 million in August – the highest on record and more than double January’s $13.0 million. London listings (USD and GBP combined) made up $14.2 million, with Xetra listings close behind at $13.1 million. Both exchanges have seen steady increases through 2025, showing rising interest in income options strategies across the board.

Note: Figures use IDC FX rates as of the August month-end to convert GBP and EUR into USD. We apply the same August rates to all prior months to compare turnover on a like-for-like basis.

Assets under management (AUM)

AUM is the total value of assets held across all IncomeShares ETPs. It grows when new investors buy in, or when the underlying assets rise in value.

AUM grew from $13.8 million in January to $65.8 million at the end of August. It was also $8 million more than in July. Steady inflows and consistent income distributions are helping the product range build scale.

Distribution yields

Distribution yields represent the annualised income paid to investors as a percentage of the current NAV (net asset value), based on the latest month’s yield. IncomeShares ETPs aim to generate this income from selling options. Yields change each month depending on strategy performance and market volatility.

Annualised August yields (ranked highest to lowest):

• Palantir Options ETP (PLTY): 57.11%

• Nasdaq 100 Options ETP (QQQY): 46.44%

• Coinbase Options ETP (COIY): 43.60%

• AMD Options ETP (AMDY): 41.43%

• Tesla Options ETP (TSLI): 40.97%

• Broadcom Options ETP (AVGY): 40.96%

• MicroStrategy Options ETP (MSTY): 37.61%

• Alibaba Options ETP (BABY): 35.90%

• S&P 500 Options ETP (SPYY): 32.95%

• NVIDIA Options ETP (NVDI): 28.42%

• Alphabet Options ETP (GOOI): 18.15%

• Magnificent 7 Options ETP (MAGO): 16.87%

• Apple Options ETP (AAPPY): 15.55%

• 20+ Year Treasury Options ETP (TLTY): 12.38%

• Amazon Options ETP (AMZI): 12.00%

• Silver+ Yield Options ETP (SLVY): 11.56%

• Meta Options ETP (METY): 11.32%

• Gold+ Yield Options ETP (GLDI): 6.74%

• Microsoft Options ETP (MSFY): 6.54%

Our Palantir ETP topped the list with an annualised yield of 57.11% for August, up from 30.57% in July. The stock was volatile in August, trading between $142 and $190. That wider range increased option premiums, which boosted the ETP’s yield. The ETP sells put options on Palantir stock and holds shares – the strategy used for all our single stock ETPs and the Magnificent 7 product.

The Nasdaq 100 ETP paid an annualised yield of 46.44% in August, up slightly from 44.52% in July. At the other end, Gold+ and Microsoft stayed below 7%, reflecting relatively calmer conditions in their underlying assets.

The table below shows the annalised distribution yields for all IncomeShares ETPs so far this year. Note that the bottom eight ETPs launched in late June, so they only have yields for July and August.