Alternative Investments/ESG: BlackRock Launches Paris-Aligned Corporate Bond ETF On Xetra

BlackRock has launched a PAB corporate bond ETF with €50m in seed capital.

BlackRock has listed the iShares € Corp Bond ESG Paris-Aligned Climate UCITS ETF (CBUJ) on Xetra. The ETF seeks to capitalize on opportunities arising from the transition to a lower-carbon economy, while screening out businesses exposed to oil, gas, thermal coal, controversial weapons and high carbon electricity. (ETF Stream)

iShares € Corp Bond ESG Paris-Aligned Climate UCITS ETF (CBUJ)

The ETF has a total expense ratio of 0.15%. It tracks the Bloomberg MSCI EUR Corporate Climate Paris Aligned ESG Select Index.

Manuela Sperandeo, head of sustainable indexing for EMEA at BlackRock said: “The transition will require investors to embrace new strategies, and ETFs are playing a central role as foundational building blocks for people seeking out affordability, transparency, and convenience.”

 “Our focus remains on providing a broad and deep set of sustainable investment tools that help investors make informed choices. This launch provides investors with a consistent approach across iShares equities and fixed income PAB ETFs, ensuring solutions are available to build multi-asset Paris Aligned Benchmark portfolios.”

Related Story: BlackRock Launches Four New Sector ESG ETFs

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