Bringing you live news and features since 2006 

BlackRock launches iShares Electric Vehicle and Driving Technology UCITS ETF

RELATED TOPICS​

BlackRock has launched an exchange traded fund (ETF) that taps into the growing global emphasis on sustainable energy sources in transportation. 

Today there are 1.1million electric vehicles sold every year, by 2040 this figure is expected to rise to 60 million. Transport accounts for around a quarter of CO2 emissions globally and increasingly stringent regulations are being utilised in the global fight against climate change. This presents an opportunity for investors to access companies across the electric vehicle value chain as their popularity grows.
 
The iShares Electric Vehicles and Driving Technology UCITS ETF (ECAR) seeks to provide exposure to this opportunity, complementing BlackRock’s existing 16 thematic products, and 27-strong range of ESG ETFs aimed at providing investors with choice for building future-proof portfolios and align with their individual long-term goals.
 
ECAR tracks the STOXX Global Electric Vehicles & Driving Technology Index comprising of companies involved in manufacturing, battery suppliers and component producers and has a Total Expense Ratio (TER) of 0.40 per cent.
 
Rob Powell, Lead Strategist, iShares Thematic Investing at BlackRock, says: “We are on the cusp of another huge leap in the way we get from A to B, as the irreversible trend towards electric vehicles unfolds. And beyond the vehicle manufacturers, producers of battery technology, autonomous vehicle components and charging infrastructure will all benefit from this revolution in transportation.”
 
“Thematic investments, such as ECAR, can help investors seek long-term growth while expressing a view on the innovative companies that will shape the global economic future.”
 

Latest News

Short and leveraged ETP issuer, Leverage Shares, has announced that the positive yields on its range of inverse products have..
Global X ETFs has announced the launch of four China-related funds on London Stock Exchange: The Global X China Electric..
Fineqia International Inc has announced that its subsidiary, Fineqia AG, has received approval of its base prospectus by the Liechtenstein..
F/m Investments has announced the launch of five new single-bond ETFs, completing the full suite of offerings within the US..

Related Articles

Vishal Kapoor, Bandhan Mutual Fund
ETF Express reported on a couple of ETF launches in India over the last couple of weeks, including the new...
ETF Awards
We are very pleased to bring you the winners in the 13th outing of the ETF Express European ETF Awards,...
Off the Record Episode 1
ETF Express is pleased to announce the launch of Off the Record, a new podcast series, in partnership with Truss...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by