Funds News 

BlackRock launches ETF to profit from electric car growth

BlackRock launches ETF to profit from electric car growth

BlackRock has launched an exchange-traded fund (ETF) that tracks companies involved in the production of electric cars. iShares Electric Vehicles and Driving Technology UCITS ETF (ECAR) will track Stoxx Global Electric Vehicles & Driving Technology index. This is composed of 96 companies that manufacture electric cars, batteries and car parts. The three largest components of this index are US-listed stocks Garmin (US:GRMN), Integrated Device Technology (US:IDTI) and Marvell Technology (US:MRVL). The ETF has an ongoing charge of 0.4 per cent.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now