| Two new “low-carbon” exchange-traded funds aren’t trading much but already have gathered nearly $100 million in assets. State Street Global Advisors was first to market late last month with the $22 million SPDR MSCI ACWI Low Carbon Target ETF (LOWC). Rival BlackRock followed quickly followed suit, debuting its $72 million iShares MSCI ACWI Low Carbon Target ETF (CRBN) on Tuesday.
Both ETFs follow the identical, passive index (MSCI ACWI Low Carbon Target). Both also sport, including fee waivers, net expense ratios of 0.2%. Both share primary listings on NYSE’s Arca exchange...............................................Full Article: Source
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