EASYETF LOWCARBON: The low carbon theme to aim high

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The News Bulletin 247 team offers a thematic investment, on a tracker-type vehicle (ETF) on “low carbon”. The proposed product replicates a Low Carbon 100 Europe® PAB index, administered by Euronext, aligned with the objectives of the Paris Climate Agreement. It reflects, both upwards and downwards, the performance of 100 European companies selected using a “best-in-class” approach consisting of retaining the best students within each sector of activity in terms of CO2 emissions. Among these, 10 to 15 values ​​are specially chosen for their positive contribution to the energy transition, not only through their carbon performance, but also through the positive impact of their products or services on the climate. The issuer, BNP AM, was a pioneer on the theme by marketing the product in 2008.

KEY GRAPHIC ELEMENTS

The recovery since the end of October is powerful, linear and without any slowing movement on the tracker. The crossing, and the relative positioning of the 20- and 50-day moving averages on 11/24/23, invite us to hold the position as long as the first gravitates above the second. At this stage, we do not yet observe any notable divergence between relative strength index and price dynamics.

FORECAST

Considering the graphic elements mentioned, the News Bulletin 247 team suggests that active investors take a purchasing position on the EASYETF LOWCARBON tracker, at the current price, with €275,0000 in their sights. A protective stop must be placed at €239,0000.

DAILY DATA CHART