Carbon Futures ETF Debuts in Hong Kong

What’s new: A subsidiary of major investment bank China International Capital Corp. Ltd. (CICC) launched a carbon futures exchange-traded fund (ETF) in Hong Kong on Wednesday, the first such offering in the Asian financial hub.

The CICC Carbon Futures ETF tracks the ICE EUA Carbon Futures Index, which measures the performance of a long-only basket of European Union Allowance futures contracts, according to a statement released by the Hong Kong Stock Exchange on Wednesday.