BlackRock climate vow pays off with new ETF’s USD 600 million debut
While it’s hard to identify which investor was responsible for the inflow into the iShares ESG MSCI EM Leaders ETF, Finnish pension insurer Ilmarinen poured cash into two similar funds shortly after they began trading last year. Anna Hyrske, head of responsible investment at Ilmarinen, declined to say whether the Finnish investor was responsible for the flow.
By Claire Ballentine and Ritika Gupta / BLOOMERBERG
An exchange-traded fund from the New York-based money manager has attracted more than USD 600 million this week, despite only starting trading on Friday, data compiled by Bloomberg show. That’s the best debut for any U.S. ETF this year, and a sign BlackRock isn’t the only one that sees climate change as a defining factor in companies’ long-term prospects.
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