BlackRock launches sustainable ETF range

BlackRock has launched a sustainable ETF range with six new ESG funds that also target a 30 per cent carbon reduction.

Blackrock has been stepping up both is words and action on environmentally compatible investments over the last year, and the world’s largest asset manager has now created a range under its iShares brand that use a negative screen to cut out weapons, tobacco, coal and oil sands and those in violation of the UN Global Compact principles.

BlackRock predicts European ESG ETF assets to grow to $250bn by 2028.

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