BlackRock Launches Three Sustainable ETFs
March 05 2020 - 7:14AM
Dow Jones News
By Maitane Sardon
BlackRock Inc. said Wednesday that it is launching three new
environmental, social and governance exchange-traded funds as part
of its commitment to doubling its offering of sustainable investing
products by the end of 2021.
The asset manager said two of the new ETFs are ESG versions of
existing iShares funds and a third ETF is a thematic fund investing
in smart city infrastructure.
BlackRock said the iShares MSCI EMU SRI UCITS ETF tracks the
performance of an index composed of companies from developed
countries within the European economic and monetary union that have
high ESG ratings. The fund screens out tobacco, weapons, alcohol,
gambling, adult entertainment, nuclear power and genetically
modified organisms. It doesn't invest in certain fossil fuels
including thermal coal, oil and gas or oil sands. Its top holdings
are Schneider Electric SE, L'Oreal SA, Danone SA, Adidas AG and SAP
SE.
The second fund, the iShares $ Corp Bond ESG UCITS ETF is an ESG
version of its $6.8 billion iShares $ Corp Bond UCITS ETF,
BlackRock said. The fund tracks the Bloomberg Barclays MSCI US
Corporate Sustainable SRI Index and offers exposure to U.S.
dollar-denominated investment-grade corporate bonds.
The new ETF, the iShares Smart City Infrastructure UCITS ETF,
tracks the performance of the STOXX Global Smart City
Infrastructure index, which invests in efficient and more
sustainable means of transport, housing and energy. The fund
doesn't invest in certain sectors, according to risks and
controversies following ESG criteria, BlackRock said.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
March 05, 2020 06:59 ET (11:59 GMT)
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