iShares ESG Aware MSCI USA Small-Cap ETF

ESML

시가총액 US$27.1억

Strong returns in U.S. stocks, particularly over the past two plus years, have led investors to question the relative lack of companies going public via the IPO process — as well as the potential implications for the IPO market in the long term. According to active equity managers, a combination of increased public market regulation, a reduced pipeline of potential offerings following the prior boom, the rising role of large private asset managers in capital raising, and near-term uncertainty surrounding government policy are all contributing factors. At Russell Investments, we think investors benefit from taking a long-term view.

The new year is poised for a resurgence in tech IPOs, as lower interest rates and an investor shift to small- and mid-cap companies combine to create a more welcoming market for debuts. The current environment presents the most favorable conditions for the recovery of IPOs in the past three years. The S&P 400 Midcap Index and the S&P 600 Index have outperformed the S&P 500 Index since the US election Nov. 5.

iShares ESG Aware MSCI USA Small-Cap ETF implements an environmental, social, and corporate governance (“ESG”) strategy focused on small companies. ESML is well diversified across sectors and holdings. Its fundamental metrics are a bit inferior to the small cap benchmark Russell 2000, but performance since inception is significantly better.