BLK - iShares debuts new minimum-volatility ESG ETF

BlackRock (NYSE:BLK) is debuting the iShares ESG MSCI USA Min Vol Factor ETF (NASDAQ:ESMV), a new fund aims to track U.S. large- and mid-cap stocks that offer lower volatility, reduced carbon exposure and improved ESG characteristics. ESMV aims to combine minimum-volatility screening with ESG. Minimum volatility refers to a technique used to reduce stock market volatility exposure. ESG investing involves focusing on companies with good environmental, social and governance characteristics. As such, the new ETF will skip any stock that derives more than 5% of its revenue from firearms/controversial weapons, tobacco, thermal coal or oil sands. ESMV's performance aims to track the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index. The new ETF is coming to market with 175 holdings. Top positions include Eli Lilly (NYSE:LLY) weighted at 1.9%, Microsoft (NASDAQ:MSFT) at 1.9% and Accenture (NYSE:ACN) at 1.8%. Among sectors, ESMV's top areas of investment are information technology and

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iShares debuts new minimum-volatility ESG ETF