Alternative Investments/ESG: BlackRock Unveils STOXX-50 ETF With ESG Focus
The new Eurozone equity ETF from BlackRock is listed on the Deutsche Borse.
BlackRock has expanded its sustainable investing offerings with the iShares EURO STOXX 50 ESG UCITS ETF (ES50), a eurozone equity ETF listed on the Deutsche Boerse with a TER of 0.10%. The ETF tracks the EURO STOXX 50 index, including 50 large European companies that meet STOXX’s ESG criteria.
The benchmark excludes companies involved in controversial activities like weapons, coal, oil, military contracting, small arms, and tobacco. Companies are also screened based on Sustainalytics Global Standards, controversy rating, and ESG risk rating, with the bottom 20% based on ESG scores automatically excluded. Replacements for excluded firms come from eligible Euro Stoxx companies with higher ESG scores in the same ICB supersector. ES50 is categorized under Article 8 of SFDR. (ETF STREAM)
The ETF has significant exposure to French, German, and Dutch securities, with financials, information technology, industrials, and consumer discretionary sectors dominating its holdings.
BlackRock aims to offer more sustainable options for investors, with earlier launches of the iShares MSCI World Quality Factor ESG UCITS ETF (IWQE) and iShares MSCI ACWI SRI UCITS ETF (SAWI).
Meanwhile, MSCI has implemented a ‘fast-exit’ rule, reducing the time to remove violator companies from its sustainable indices to 45 days, impacting 41 BlackRock ETFs with $70.5 billion AUM.
Related Story: BlackRock In Move To Attract Younger Savers To Its ETFs
Latest Alternative Investment News
Earlier today, Tim Sweeney, the head of Epic Games, shared an email with the company’s employees, announcing some significant changes within the organization. In this message, Sweeney discussed the necessity…
Artificial Intelligence: Mysterious US-Based Books3 Dataset Used To Train AI Was A Massive Trove Of Pirated Books
Thousands of books penned by some of Australia’s most esteemed authors may have fallen victim to what Booker prize-winning novelist Richard Flanagan has described as “the biggest act of copyright…
Chongqing Consumer Finance, the consumer finance arm of Ant Group, a prominent player in China’s financial technology landscape, is currently in the process of raising a substantial sum of fresh…
Mercury Fund, the premier early-stage venture firm with a focus on non-coastal tech hubs, has successfully closed its largest fund to date, Mercury Fund V, with a total capital commitment…