Finance
BlackRock Climate Vow Pays Off With ETF’s $600 Million Debut
- The iShares ESG MSCI EM Leaders ETF began trading Friday
- ESG ETF flows are likely to rise this year after record 2019
Photographer: Vincent Mundy/Bloomberg
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BlackRock Inc.’s climate pledge is already paying off.
An exchange-traded fund from the New York-based money manager has attracted more than $600 million this week, despite only starting trading on Friday, data compiled by Bloomberg show. That’s the best debut for any U.S. ETF this year, and a sign BlackRock isn’t the only one that sees climate change as a defining factor in companies’ long-term prospects.