Samsung Asset Management Selects ICE Data Indices for KODEX Europe Carbon Allowance Futures ICE (H) ETF Hedging ICE EUA Futures
ATLANTA & NEW YORK – (COMMERCIAL THREAD) – Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and infrastructure, today announced that Samsung Asset Management has licensed the index ICE EUA Carbon Futures for a new exchange-traded fund (ETF), the KODEX Europe Carbon Allowance Futures ICE (H) ETF.
The ICE EUA Carbon Futures Index measures the performance of a long-only basket of ICE EUA futures contracts. Each EUA contract is denominated in euros and represents a bundle of 1,000 carbon emission allowances (“EUAs”) that are deliverable to or from the Union registry under the Emissions Trading System. of the European Union. The index will serve as a benchmark for Korea’s first carbon-based ETF and the first of its kind in the world to track only the performance of EUA contracts. The new ETF is designed to enable Korean and global investors to participate more effectively in carbon futures markets.
“A growing number of market players are looking to use global markets to offset their carbon footprint, manage the cost of carbon and assess climate transition risk, ”said Magnus Cattan, Vice President, Fixed Income and Data Services, APAC at ICE. “Samsung Asset Management is one of Korea’s leading asset managers, and this new product helps meet the diverse and evolving needs of its clients by enabling investors to access market-based carbon prices through an instrument of single investment.
“We were drawn to ICE because it provides our clients with access to one of the world’s largest and most liquid environmental markets, ”said Jaehun Jeong, portfolio manager at Samsung Asset Management. “The ICE EUA Carbon Futures Index tracks one of the most actively traded carbon markets and represents some of the world’s largest economies. As market players continue to pay increasing attention to the energy transition and climate risk, this ETF will offer greater hedging and trading opportunities to retail and institutional investors.
ICE’s global family of indices serves as a performance benchmark for more than $ 1 trillion in assets managed by investors around the world. For more information on ICE Indices, please visit: https://www.theice.com/market-data/indices.
About the intercontinental exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services in major asset classes that provide our clients with access to essential workflow tools that increase transparency and operational efficiency. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital, and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide insight, analysis and platforms that help our clients capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we’re transforming and digitizing the US residential mortgage process, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunities.
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SOURCE: Intercontinental exchange