Blackrock unveils transition-focused copper ETF

Blackrock has launched the iShares Copper Miners Ucits ETF (COPM), targeting copper miners at the forefront of the net-zero transition. 

Launched through its iShares business, the strategy tracks the STOXX Global Copper Miners Index, which provides exposure to equity companies with significant exposure to the copper mining industry. 

According to Blackrock, copper miners stand to benefit from the net-zero transition due to copper’s key role in electrification across renewable energy, electric vehicles and infrastructure buildout. As a result, demand for copper is expected to grow rapidly, and constraints to supply growth could prove an attractive backdrop for copper miners. 

In designing the strategy, BlackRock has also noted the strategic priority of copper; governments and miners rally behind the potential of the metal, which paves the way for further growth. 

The iShares Copper Miners Ucits ETF (COPM) listed on the Euronext Amsterdam on 21 June with a total expense ratio (TER) of 0.55%. 

Omar Moufti, thematic and sector product specialist at BlackRock, commented: “Our analysis of the pathways for a transition to a low-carbon economy show a need for increased investment in new copper mine capacity to accommodate continued growth.” 

Earlier this month, Blackrock launched another transition-focused fund – the $20 million BlackRock Global Funds Brown to Green Materials Fund with an Article 8 SFDR categorisation.

© 2023 funds europe 

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST