- Business
- iShares MSCI Water Management Multisector ETF (IWTR) is an exchange-traded fund that seeks to track the performance of the MSCI ACWI IMI Sustainable Water Transition Extended Capped Index, focusing on global companies deriving revenue from sustainable water products and services or demonstrating efficient water management. The ETF invests in public equities across sectors including water utilities, wastewater treatment, sustainable water solutions, water scarcity mitigation, and water quality improvement; specific areas encompass specialized wastewater treatment chemicals, smart metering devices, drought-resistant seeds, wastewater filters, desalination equipment and services, maintenance of water distribution infrastructure, and construction of wastewater plants and stormwater systems. IWTR employs a representative sampling technique to replicate the index, emphasizing growth and value stocks from companies with diversified market capitalizations that prioritize environmental responsibility while excluding tobacco, controversial weapons, civilian firearms, thermal coal, and oil sands activities.
Launched on September 20, 2022, and domiciled in the United States, the ETF is managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., with headquarters in San Francisco, California. It targets investors interested in thematic exposure to water management and sustainability themes within broad global equity markets, serving institutional and retail clients worldwide through listings on Nasdaq.
In June 2025, BlackRock announced the closure and liquidation of IWTR, alongside 13 other U.S.-domiciled funds, as part of an ongoing review to align products with evolving client needs; trading ceased after market close on August 18, 2025, with final liquidation and cash distributions to shareholders targeted for August 21, 2025. Prior to closure, the fund maintained assets under management of approximately $6.83 million, an expense ratio of 0.47%, and a portfolio of around 9 holdings, delivering a trailing twelve-month dividend yield of 3.36% with semi-annual payouts. This strategic decision reflects BlackRock's broader sustainable investing platform, which manages over $1 trillion in client assets across more than 500 global products.