iShares files for ‘breakthrough’ environmental ETF

iShares files for ‘breakthrough’ environmental ETF
The fund would follow the Morningstar Global Emerging Green Technologies Select Index.
NOV 10, 2022

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.

Ric Edelman explains the collapse of FTX, world’s second-largest crypto platform

Latest News

Stock gain as trade, Fed optimism rises
Stock gain as trade, Fed optimism rises

US equity futures are up ahead of trade talks with China.

BofA's Hartnett says US stock rally is likely over
BofA's Hartnett says US stock rally is likely over

Strategist continues to favor bonds over stocks for 2025.

UBS could be about to sell its O’Connor hedge fund unit
UBS could be about to sell its O’Connor hedge fund unit

Talks are reportedly underway with Cantor.

President Trump looking at raising top tax rate in 'political death wish'
President Trump looking at raising top tax rate in 'political death wish'

New proposal could mean some would pay a total of more than half of what they earn.

Most people don’t expect to need long-term care in old age, but think others will
Most people don’t expect to need long-term care in old age, but think others will

Gaps revealed in knowledge about employer-sponsored caregiving programs.

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.