CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (AMPD)
CNIC ICE U.S. Carbon Neutral Power Futures Index ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $21.78, down 0.77% on the session, giving a market capitalisation of $4.0M. Its beta of -0.25 implies it has historically moved less than the broad market.
The fund's adviser aims to fulfill its investment objectives by allocating the fund's capital to highly liquid U.S. power futures and carbon emission allowance contracts. These chosen contracts either directly comprise the underlying index or are identified by the adviser as having a strong likelihood of their returns closely tracking those of the index's constituents. The index itself is designed to observe the broad U.S. electricity market, operating with a focus on carbon neutrality. This portfolio operates with a concentrated investment strategy.
CNIC ICE U.S. Carbon Neutral Power Futures Index ETF is most often compared with the following Financial Services names: