- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Mar 31, 2023
- Business
- iShares Trust - iShares Breakthrough Environmental Solutions ETF (ETEC) is an exchange-traded fund that seeks to track the investment results of the Morningstar Global Emerging Green Technologies Select Index, comprising U.S. and non-U.S. companies engaged in breakthrough innovations and technologies addressing the climate transition; including solutions in energy efficiency, green buildings, green transportation, pollution prevention and reduction, renewable energy, water, resource efficiency, and sustainable agriculture. The ETF holds a diversified portfolio of approximately 63 equities across sectors such as information technology, industrials, consumer discretionary, materials, and utilities, with top holdings including Yaskawa Electric Corp., Kurita Water Industries Ltd., Allegro MicroSystems Inc., Universal Display Corp., and Cambricon Technologies Corp.; it maintains a net expense ratio of 0.47% and total net assets of approximately $3.07 million. Part of the iShares family managed by BlackRock, Inc., the ETF was launched on March 28, 2023, and lists on the Nasdaq, domiciled in the United States with principal operations aligned to BlackRock's headquarters in New York. In recent developments, the broader iShares platform, under BlackRock, has expanded through multiple ETF launches in 2025, including the iShares Bitcoin Trust ETF (IBIT), iShares Quantum Computing UCITS ETF in collaboration with STOXX Ltd., and iShares Total USD Fixed Income Market ETF (BTOT) with Bloomberg Index Services, alongside record inflows exceeding $1.3 trillion into U.S.-listed ETFs through early December 2025, reflecting sustained growth in thematic and sustainable investment products amid resilient market demand. The ETF excludes companies involved in tobacco, controversial weapons, civilian firearms, thermal coal mining, thermal coal power generation, or oil sands extraction, emphasizing socially conscious and environmentally responsible investments for institutional and retail investors seeking exposure to global emerging green technologies.