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Portfolio diversification; benefits of investing in Carbon Markets from a New Zealand investor perspective

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Dissertation(782.96 KB)

Date

2011

Authors

Supervisor

Tourani-Rad, Alireza

Item type

Thesis

Degree name

Master of Business

Journal Title

Journal ISSN

Volume Title

Publisher

Auckland University of Technology

Abstract

This study investigates the diversification opportunity for investing in carbon credits from a New Zealand investor’s perspective. Investment in carbon credits, a relatively new commodity, is considered an alternative form of investment. The selected model, one of four, for evaluating the diversification opportunity is Minimum Variance Portfolio Optimisation using the shrinkage method. Comparing resultsfor the period from January 2006 to January 2010 has shown more diversification in the portfolio with the carbon commodity,in comparison to the same portfolio without the carbon commodity(Carbon credit in Europe).

Description

Keywords

Portfolio diversification, Emission markets, Carbon markets, Minimum Variance Portfolio Optimisation, Shrinkage method, Investment

Source

DOI

Publisher's version

Rights statement

Permanent link

https://hdl.handle.net/10292/1346

Collections

Masters Dissertations