Alternative Investments/ESG: BlackRock Unveils Multi-Asset, ESG ETFs
The three new ETFs from BlackRock are cost-efficient and sustainable investments.
BlackRock (NYSE: BLK) has unwrapped three new innovative UCITS funds that are claimed to be Europe’s first offering of tradable multi-asset ESG portfolios built with ETFs. Each of these funds is made up of iShares ETFs to provide access to a wide selection of stocks and bonds. (funds europe)
“We are doubling down on the characteristics that we know attract people to ETFs, to achieve a broad exposure to the markets in an ESG and risk-conscious way,” BlackRock said in a statement.
Predefined risk profiles
The funds are designed to deliver a total return depending on three predefined risk profiles, namely, Conservative, Moderate, and Growth. The funds are:
- BlackRock ESG Multi-Asset Conservative Portfolio Ucits ETF. It is suitable for more risk-averse investors and divides asset allocation between fixed-income and equities in an [80:20] ratio
- BlackRock ESG Multi-Asset Moderate Portfolio Ucits ETF. It is meant for investors with only an average risk tolerance and allocates between fixed-income and equities on an equal basis
- and, BlackRock ESG Multi-Asset Growth Portfolio Ucits ETF. This ETF targets more risk-tolerant investors who are comfortable with higher volatility and a [25:75] allocation between fixed-income and equities
The funds are listed on Xetra and are denominated in euros. Each ETF charges an expense ratio of 0.25%, including the cost of investing in the underlying iShares ETFs.
The actively managed funds will invest only in iShares ETFs that have a minimum of 80% of assets in ESG-facing strategies.
Joe Parkin, head of banks and digital channels in the UK at BlackRock, said: “There has never been a more important time for people to take control of their financial well-being. This choice of three ready-built portfolios has been designed to help more people invest money towards their long-term financial goals with ease while benefitting from investment expertise across BlackRock.”
Related Story: BlackRock Makes Big ESG Push on ETFs
Latest Alternative Investment News
According to an exclusive report today by Reuters, Robinhood Markets Inc. the trading app so popular with millennials, raised $660 million in its latest Series G funding round. Robinhood previously…
Korean media outfit, Herald reported Tuesday that Bithumb, the country’s biggest cryptocurrency exchange with more than 50% market share and 4.77 million members, is up for sale. The Herald quoted…
Triterras Fintech launched its Kratos blockchain-enabled, end-to-end global trade and trade finance platform in June 2019 with the Trade Discovery module. In February 2020, Triterras added the Trade Finance module…
Enmotus Inc. focuses on innovations in PC storage using its patented Artificial Intelligent algorithms. It announced Tuesday the launch of FuzeDrive, the first-ever AI-powered Solid State Drive (SSD). FuzeDrive blends…