New Low Carbon Investment Fund Launched by BlackRock - The Minute

New Low Carbon Investment Fund Launched by BlackRock - The Minute

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Thursday, December 18, 2014 - 4:00pm


CONTENT: Multimedia with summary

BlackRock has added to its investment portfolio of ESG products with the launch of a new exchange traded fund, iShares MSCI ACWI Low Carbon Target ETF CRBN. This new fund tracks the MSCI ACQI Low Carbon Target Index, which focuses on carbon emissions and fossil fuel reserves. That Index is based on the MSCI ACWI Index, a global policy benchmark covering developed and emerging markets, and utilizes MSCI ESG CarbonMetrics data from MSCI ESG Research. Compared to the standard ACWI index, the holdings in the CRBN Index produce 81 percent less carbon emissions and 97 percent less potential carbon emissions from fossil fuel reserves.

BlackRock's commitment to social investing spans all asset classes, allowing investors to access strategies that deliver a reasonable, risk-adjusted rate of return as well as positive and measureable social or environmental outcomes. Social investment products managed by the firm totaled $257 billion as of June of this year, up from $215 billion as of June 2012. BlackRock’s total assets under management are $4.5 trillion.

I’m John Howell for 3BL Media.

Video Source: New Low Carbon Investment Fund Launched by BlackRock