BlackRock’s iShares is prepping an ETF to invest in “breakthrough innovations” and tech to help address climate change.
According to an initial prospectus, 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. The company filed for the forthcoming ETF with the Securities and Exchange Commission on Monday.
The index is similar to the Morningstar Global Markets ex-India Index, except that it excludes smaller market-cap companies and 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.