iShares files for ‘breakthrough’ environmental ETF
The fund would follow the Morningstar Global Emerging Green Technologies Select Index.
BlackRock’s iShares is prepping an ETF that would invest in “breakthrough innovations” and tech to help address climate change.
That fund, the iShares Breakthrough Environmental Solutions ETF, would track Morningstar’s Global Emerging Green Technologies Select Index, which includes U.S. and foreign companies, according to an initial prospectus. The company filed Monday for the forthcoming ETF with the Securities and Exchange Commission.
The index is similar to the Morningstar Global Markets ex India Index, except that it excludes smaller market-cap companies as well as those with business in controversial areas such as tobacco, weapons and thermal coal.
Portfolio managers for the ETF are BlackRock’s Jennifer Hsui, Greg Savage, Paul Whitehead and Amy Whitelaw. An expense ratio for the ETF was not provided in the initial filing.
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