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BlackRock launches five climate transition ETFs in Europe
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BlackRock has rolled out a range of five climate transition exchange-traded funds aimed at providing investors with access to “companies leading the transition to a low-carbon economy”.
iShares MSCI Climate Transition Aware Ucits ETFs domiciled in Ireland are classified under Article 8 of the EU Sustainable Finance Disclosure Regulation.
Each of the five ETFs has a different geographic focus: global, Europe, United States, Japan and European Economic and Monetary Union.
The products track MSCI’s transition-sensitive benchmarks and invest in companies with “forward-looking, science-based objectives that generate green revenue,” BlackRock said.
This article was previously published by Set Europe on firea title belonging to the FT group.
The $10.5 trillion asset manager described the transition to a low-carbon economy as a “series of profound changes unfolding over decades” that are “reshaping production and consumption and spurring vast investments in capital “.
BlackRock’s Investment Institute has identified several “megaforces” reshaping markets, such as technological innovation, geopolitical fragmentation and aging populations.
Manuela Sperandeo, BlackRock’s iShares product head for Europe and the Middle East at the asset manager, said: “The transition to a low-carbon economy is expected to spur a significant reallocation of capital as Energy systems and technologies continue to evolve and develop.
“With the launch of the climate transition-aware range, we are expanding the choice we offer to clients looking to mitigate investment risks and seize the opportunities of this transition. »
Sebastian Lieblich, head of index products for Europe, Middle East and Africa at MSCI, said: “Investors are increasingly looking for data and tools to help them adapt their strategies to better manage the challenges and opportunities arising from the transition to a low-income market. carbon economy.
He added that the methodology of the MSCI indices tracked by the new BlackRock ETFs “can play a central role for investors looking to consider these metrics in their decision-making.”
ETFs have been registered for sale in much of Europe, including France, Germany, Italy, Spain and the United Kingdom.
*Ignites Europe is a news service published by FT Specialist aimed at professionals working in the asset management sector. Trials and subscriptions are available at igniteseurope.com.