Blackrock Rolls Out Climate Conscious ETF, Paralleling NYC's Smoky Skies From Canadian Fires
Portfolio Pulse from Piero Cingari
Blackrock launched the iShares Climate Conscious & Transition MSCI USA ETF (USCL) on June 6, targeting the upper 50% of large and medium-sized companies in their sectors based on climate factors. The ETF is benchmarked against the MSCI USA Extended Climate Action Index and has an expense ratio of 0.08%.
June 09, 2023 | 8:50 pm
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POSITIVE IMPACT
Blackrock launched the iShares Climate Conscious & Transition MSCI USA ETF (USCL), targeting climate-friendly companies and expanding its product offerings.
The launch of the USCL ETF by Blackrock expands its product offerings and caters to the growing demand for climate-conscious investments. This could attract more investors and positively impact BLK's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The newly launched iShares Climate Conscious & Transition MSCI USA ETF (USCL) by Blackrock targets climate-friendly companies and has an expense ratio of 0.08%.
The USCL ETF is a new product offering by Blackrock that targets climate-friendly companies. With a low expense ratio of 0.08%, it could attract investors seeking exposure to environmentally responsible investments, potentially increasing its assets under management in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100