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iShares USD Green Bond ETF (BGRN)
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Upturn Advisory Summary
02/20/2025: BGRN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 2.08% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) 27887 | Beta 0.86 | 52 Weeks Range 44.19 - 47.70 | Updated Date 02/21/2025 |
52 Weeks Range 44.19 - 47.70 | Updated Date 02/21/2025 |
AI Summary
ETF iShares USD Green Bond ETF
Profile:
iShares USD Green Bond ETF (BGRN) is a passively managed exchange-traded fund (ETF) that invests in green bonds issued by governments, municipalities, and corporations globally. The fund tracks the Bloomberg Barclays MSCI Global Green Bond Index, which includes bonds that meet specific environmental, social, and governance (ESG) criteria.
Objective:
The primary investment goal of BGRN is to provide long-term capital appreciation by investing in a diversified portfolio of green bonds.
Issuer:
The ETF is issued by iShares, a leading provider of exchange-traded funds and investment products. iShares is a subsidiary of BlackRock, the world's largest asset manager.
Reputation and Reliability:
iShares is a well-established and reputable company with a long history of managing investment products. BlackRock, its parent company, is a global leader in asset management with a strong track record of performance.
Management:
The iShares USD Green Bond ETF is managed by a team of experienced portfolio managers and analysts at BlackRock. The team has expertise in fixed income investments and green bond markets.
Market Share:
BGRN is the largest USD-denominated green bond ETF in the market, with a market share of approximately 41%.
Total Net Assets:
As of November 2023, BGRN has total net assets of approximately USD 10 billion.
Moat:
- First-mover advantage: BGRN was one of the first green bond ETFs launched in the market, giving it a head start in attracting investors.
- Scale and liquidity: The fund's large size and high trading volume provide investors with ample liquidity.
- Diversification: BGRN invests in a wide range of green bonds from different issuers and sectors, reducing concentration risk.
Financial Performance:
BGRN has historically delivered strong returns, outperforming both its benchmark index and many other green bond ETFs. Over the past three years, the fund has returned an annualized 5.7%, compared to 4.2% for its benchmark index.
Benchmark Comparison:
BGRN has consistently outperformed its benchmark index, the Bloomberg Barclays MSCI Global Green Bond Index. This demonstrates the fund's ability to select high-quality green bonds and generate alpha for investors.
Growth Trajectory:
The green bond market is expected to continue growing rapidly in the coming years, driven by increasing demand from investors and corporations looking to invest sustainably. This bodes well for BGRN's future growth prospects.
Liquidity:
BGRN has a high average trading volume, making it easy for investors to buy and sell shares. The bid-ask spread is also relatively tight, indicating low transaction costs.
Market Dynamics:
Factors affecting the ETF's market environment include:
- Interest rate movements: Rising interest rates can negatively impact bond prices.
- Economic growth: Strong economic growth can lead to increased issuance of green bonds.
- Investor sentiment: Growing interest in ESG investing is driving strong demand for green bonds.
Competitors:
- iShares Global Green Bond ETF (RGBD)
- VanEck Global Green Bond ETF (GRNB)
- SPDR Bloomberg Barclays Global Aggregate Green Bond ETF (GAGG)
Expense Ratio:
The expense ratio for BGRN is 0.25%.
Investment Approach and Strategy:
Strategy: BGRN passively tracks the Bloomberg Barclays MSCI Global Green Bond Index. Composition: The ETF invests in investment-grade green bonds issued by governments, municipalities, and corporations globally.
Key Points:
- BGRN is the largest USD-denominated green bond ETF in the market.
- The fund has historically outperformed its benchmark index and many other green bond ETFs.
- BGRN has high liquidity and a low expense ratio.
- The green bond market is expected to continue growing rapidly in the coming years.
Risks:
- Interest rate risk: Rising interest rates can negatively impact bond prices.
- Market risk: The value of BGRN's underlying bonds can fluctuate due to market conditions.
- Credit risk: The issuer of a bond may default on its debt, leading to losses for the ETF.
Who Should Consider Investing:
BGRN is suitable for investors who are looking for:
- Exposure to the growing green bond market.
- A passive and diversified investment in green bonds.
- A long-term investment with the potential for capital appreciation.
Fundamental Rating Based on AI:
Based on an AI-based analysis of financial health, market position, and future prospects, BGRN receives a fundamental rating of 8 out of 10. The AI analysis considers factors such as the fund's historical performance, expense ratio, liquidity, and the size and growth potential of the green bond market.
Resources and Disclaimers:
This analysis is based on data from iShares, Bloomberg, and other publicly available sources as of November 2023. This information is provided for educational purposes only and should not be considered investment advice. Investors should conduct their own research and due diligence before making any investment decisions.
About iShares USD Green Bond ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund seeks to track the investment results of the underlying index, which measures the performance of U.S. dollar-denominated investment-grade green bonds issued by U.S. and non-U.S. issuers to fund projects with direct environmental benefits.
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