BlackRock has launched an ETF offering investors global exposure to the semiconductor industry.

The iShares MSCI Global Semiconductors UCITS ETF (SEMI), is domiciled in Ireland and listed on the Euronext (USD) & Xetra (EUR) exchanges.

Semiconductors play a critical role across the electronics value chain, and their importance is only set to grow in an increasingly technologically oriented global economy.

As the fourth most-traded product globally - after crude oil, refined oil, and automotive vehicles - semiconductors are core enablers of the data revolution and at the forefront of innovative technologies and services. Reflecting the semiconductor industry’s globally integrated production process and regional specialisations, SEMI will allow instant and diversified access to 200+ companies across 15+ different countries.

The fund tracks the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index (USD), harnessing exposure to the full global semiconductor industry, while excluding companies with unsustainable practices and maintaining a minimal level of diversification.

It has a TER of 0.35 percent and is categorised as Article 8 under SFDR. This is consistent with BlackRock’s commitment that 70 percent of its fund launches in Europe this year will qualify under Article 8 or 9.