In a “cooling” stock market what reduced-priced stocks are heating up?
Last year investment bank UBS launched the Global Warming Index. Says UBS: “The new index provides investors with an efficient and simple way to obtain exposure to the weather asset class.”
Exposure, indeed! Says an article in Salon:
Investors can buy exposure to the index just as they might to a more traditional index, like the Dow Jones — an act tantamount to placing a bet that global warming is going to happen. If warming happens, the investors accrue income; if global temperatures fall, their bet flops and they lose money. “There’s something sick about this whole process — the idea that we can profit from impending doom,” says Mark Lynas, author of “Six Degrees: Our Future on a Hotter Planet.”
Is it wrong to “invest” in global warming? Or just a natural consequence of our devastated environment?
With stock prices “on sale”, let’s hope you invest your money in global warming solutions instead.
Related:
Abbott Labs: Growth, Yield and Safety
Back to Basics: Consider Short Funds
Why the Amish are Hip to Solar
