Industry Updates

ETF Wrap: BlackRock bets big on transition metals

A metal mining ETF launch spree, a series of Amundi mergers and DWS overhauling its popular fixed income ETF made headlines this week

Jamie Gordon

BlackRock extended its streak of ETF launches – targeting mining equities – as it looks to offer investors exposure to the metals underlying the energy transition.

ETF Stream revealed the iShares Lithium & Battery Producers UCITS ETF (LITM), capturing lithium miners, compound manufacturers and battery producers, based on revenue and patent data.

It comes a month after BlackRock launched its essential metals ETF and a copper mining ETF in June.

BlackRock’s concerted push into the space also follows metal and battery ETF launches from UBS Asset Management, Sprott, WisdomTree, Legal and General Investment Management and others.

Amundi approaches consolidation

Amundi continues to rapidly consolidate its range after merging and rebranding ETFs housing billions of dollars in recent weeks.

After stating it had “almost entirely” realised the operational benefits of integrating the Lyxor business, Amundi announced this week it is set to merge five of its euro government bond ETFs with Lyxor equivalents.

The firm is also rolling out its ‘net zero ambition PAB’ range as vehicles to absorb Lyxor’s and its own Paris-aligned, climate transition and net-zero ETFs.

Overnight rate overhaul 

Finally, DWS overhauled its popular euro overnight rate swap ETF to track a Solactive index. 

The change follows $1.3bn inflows into the ETF in Q3 and allows a greater range of counterparties to enter over-the-counter swap transactions.

ETF Wrap is a weekly digest of the top stories on ETF Stream

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