TMET
iShares Transition-Enabling Metals ETF
📎 Investment Objective
The iShares Transition-Enabling Metals ETF (TMET) seeks to provide exposure to a diversified portfolio of metals and minerals that are critical for enabling the transition to a low-carbon economy.
Overview
ETF tracking iShares Transition-Enabling Metals ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares Transition-Enabling Metals ETF (TMET) seeks to provide exposure to a diversified portfolio of metals and minerals that are critical for enabling the transition to a low-carbon economy.
🎯 Investment Strategy
The ETF tracks the MSCI ACWI Select Transition Enabling Metals & Minerals Index, which includes companies involved in the mining and production of metals like copper, lithium, cobalt, and rare earth elements. The fund aims to capture the growth potential of these transition-enabling commodities as demand increases for clean energy technologies and infrastructure.
✨ Key Features
- Diversified exposure to a basket of metals and minerals essential for renewable energy, electric vehicles, and other green technologies
- Tracks an index that screens for companies with strong environmental, social, and governance (ESG) practices
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Commodity price volatility: The value of the fund's holdings can fluctuate significantly based on global supply and demand dynamics for the underlying metals
- Concentration risk: The fund's performance is heavily tied to the metals and mining sector, which can be subject to industry-specific risks
- Regulatory and policy changes: Shifts in government regulations or policies related to mining, emissions, or clean energy could impact the fund's holdings
- Limited operating history: As a new fund, TMET has a limited track record to evaluate its long-term performance and suitability
👤 Best For
The iShares Transition-Enabling Metals ETF may be suitable for investors with a long-term investment horizon who are seeking exposure to the growth potential of metals and minerals critical for the global transition to clean energy. Due to the fund's sector concentration and commodity price risks, it is generally recommended as a satellite or complementary holding within a diversified portfolio.