- Europe: BlackRock lists self-driving car and short duration bond ETF
- London: Vanguard lists accumulating versions of ETFs
BlackRock lists electric cars and ultra short duration bond ETFs
iShares is making a smooth sharp entry into two popular points of ETF product innovation: thematics and short duration. Listing two new funds in Europe:
- iShares Electric Vehicles and Driving Technology UCITS ETF (IEVD:GR, ECAR:LN)
- iShares USD Treasury Bond 0-1yr UCITS ETF (IBTU, IB01)
ECAR will track the STOXX Global Electric Vehicles and Driving Technology Index.
The index is made up of companies that Stoxx judges to be “exposed to electric vehicles and assisted-driving technologies,” the prospectus says. This includes companies that make electric and autonomous vehicles, batteries for electric cars, and companies in other parts of the supply chain.
To fit in the index, companies must:
- Be liquid enough, and trade more than €1 million a day;
- Be big enough, with a market cap greater than €200 million;
- Make half their money (lowered to 45% for companies already in the index) from one or more of the following sectors: electronic vehicle manufacturers, electronic vehicle battery suppliers and/or an electronic vehicle manufacturers’ supply chain, as determined by the index provider from time to time;
- be domiciled in an eligible country, also determined by the index provider.
The index will aim to have 80 companies or more at all times. It will be rebalanced annually.
The fund will charge 0.40% and have US dollars as its base.
IBTU will be a short duration play. It will track the ICE US Treasury Short Bond Index and provide exposure to the short end of the Treasury curve targeting the 0-1 year maturity range and to reduce interest rate risk as well as minimize credit risk.
The fund will charge a mean 0.07%.
Vanguard is listing accumulating version of several of its London-listed ETFs. They are:
|Vanguard EUR Eurozone Government Bond UCITS ETF||VETA|
|Vanguard USD Corporate 1-3 Year Bond UCITS ETF||VSCA|
|Vanguard USD Corporate 1-3 Year Bond UCITS ETF||VDCA|
|Vanguard USD Corporate Bond UCITS ETF||VDPA|
|Vanguard USD Corporate Bond UCITS ETF||VCPA|
|Vanguard USD Emerging Markets Government Bond UCITS ETF||VEMA|
|Vanguard USD Emerging Markets Government Bond UCITS ETF||VDEA|
|Vanguard USD Treasury Bond UCITS ETF||VUTA|
|Vanguard USD Treasury Bond UCITS ETF||VDTA|
|Vanguard EUR Corporate Bond UCITS ETF||VECA|
|Vanguard U.K. Gilt UCITS ETF||VGVA|