BlackRock Debuts Cloud Computing and 5G Multisector ETF (IDAT)
BlackRock, Inc. (BLK)
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--As digital connectivity expands across the globe and transforms the way society interacts with technology, today BlackRock announces the launch of the iShares Cloud and 5G Multisector ETF (NYSE: IDAT).IDAT seeks to track the investment results of the Morningstar® Global Digital Infrastructure & Connectivity Index. Morningstar’s forward-looking index uses fundamental Morningstar research to assess the 50 global firms across developed and emerging markets that have the potential to drive material net profit increases from infrastructure-as-a-service (IaaS) tools and/or 5G next-generation connectivity.The Megatrends opportunity and the trajectory of the global economy “With the recent acceleration of technological innovations to meet work-from-home demands, the explosion of e-commerce and revolutionary healthcare advances, the future has become the present,” said Chad Slawner, Head of US iShares Product. “The expansion of the iShares Megatrend lineup signal
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