Hi
Lets take INRG etf as an example:
Do the holdings and their weights in the overall etf change according to black rocks management?
What I mean is, do the managers say: lets get more of this new hot stock X and reduce some of Y?
Thanks!
As most other etf inrg tracks an Index. There is no manager who decides which stock to buy.
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Some etfs balance. WCLD being one as it is equal weighted. You can read how often they do it on the website I think its like 4 times a year. No idea about INRG suggest reading the info.
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INRG tracks a S&P index, S&P Global Clean Energy Index. The index constituents are chosen and weighted according to certain rules that can be applied in an automatic fashion called modified market cap, without a human manager taking a view as to which companies will perform best.
https://www.spglobal.com/spdji/en/indices/esg/sp-global-clean-energy-index/#data
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