Among the 14 ETF launches last week, iShares announced the launch of a new ETF targeting environmental infrastructure and its industrials. The iShares Environmental Infrastructure and Industrials ETF (EFRA) is available for trade on the Nasdaq and looks to follow companies that provide solutions in their given fields that support the clean energy industry. It tracks the FTSE Green Revenues Select Infrastructure and Industrials Index which only invests in companies that have 40% or more of their revenue as “green” following 29 micro sectors of three themes, energy efficiency mitigation, reduction of pollution, and resource and land efficiency.
ETF Newz Says:
EFRA tracks 45 companies as of launch with an expense ratio of 0.47%.