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

aut.embargoNoen
aut.thirdpc.containsNo
aut.thirdpc.permissionNo
aut.thirdpc.removedNo
dc.contributor.advisorTourani-Rad, Alireza
dc.contributor.authorKoleini, Abbas
dc.date.accessioned2011-06-28T22:17:21Z
dc.date.available2011-06-28T22:17:21Z
dc.date.copyright2011
dc.date.issued2011
dc.date.updated2011-06-28T22:01:24Z
dc.description.abstractThis 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).
dc.identifier.urihttp://hdl.handle.net/10292/1346
dc.language.isoenen_NZ
dc.publisherAuckland University of Technology
dc.rights.accessrightsOpenAccess
dc.subjectPortfolio diversification
dc.subjectEmission markets
dc.subjectCarbon markets
dc.subjectMinimum Variance Portfolio Optimisation
dc.subjectShrinkage method
dc.subjectInvestment
dc.titlePortfolio diversification; benefits of investing in Carbon Markets from a New Zealand investor perspective
dc.typeThesis
thesis.degree.grantorAuckland University of Technology
thesis.degree.levelMasters Dissertations
thesis.degree.nameMaster of Business
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