BlackRock launches global semiconductor ETF
BlackRock has launched the iShares MSCI Global Semiconductors UCITS ETF (SEMI), offering investors the first ETF with a truly global exposure to the semiconductor industry.
Domiciled in Ireland and listed on the Euronext (USD) & Xetra (EUR) exchanges, SEMI has a TER of 0.35 per cent and is categorised as Article 8 under SFDR - consistent with BlackRock’s commitment that 70 per cent of its fund launches and repositionings in Europe this year will qualify as Article 8 or 9.
The firm writes that semiconductors play a critical role across the electronics value chain, and their importance is only set to grow in an increasingly technologically oriented global economy. SEMI tracks the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index (USD), harnessing exposure to the full global semiconductor industry, while excluding companies with unsustainable practices and maintaining a minimal level of diversification.
As the fourth most-traded product globally - after crude oil, refined oil, and automotive vehicles - semiconductors are core enablers of the data revolution and are at the forefront of innovative technologies and services, according to BlackRock. Reflecting the semiconductor industry’s globally integrated production process and regional specialisations, SEMI is designed to allow instant and diversified access to 200 plus companies across 15 plus different countries.