BlackRock launches first smart city ETF

BlackRock launches the first smart city ETF alongside two new passive funds tapping on ESG theme.
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BlackRock has launched the first smart city infrastructure EFT alongside two other new passive products tapping on ESG theme.

The three new products are:

  • iShares MSCI EMU SRI Ucits ETF (SMUA)
  • iShares $ Corp Bond ESG Ucits ETF (SUOU)
  • iShares Smart City Infrastructure Ucits ETF (CITY)

iShares Smart City Infrastructure UCITS ETF (CITY) is a thematic product seeking to capitalize on the new generation of smart megacities offering sustainable ways of living, in the wake of global migration from the countryside to cities. With a TER of 0.40%, CITY tracks the STOXX Global Smart City Infrastructure index which has an ESG screening criteria.

The other two newly launched ETFs are ESG corporate bonds and a European equity fossil reductions fund.

iShares $ Corp Bond ESG UCITS ETF (SUOU) tracks a basket of investment grade US dollar-denominated corporate bonds with high ESG ratings calculated by MSCI. it tracks the Bloomberg Barclays MSCI US Corporate Sustainable SRI index with a TER of 0.15%.

Finally, iShares MSCI EMU SRI UCITS ETF (SMUA) is listed on the London Stock Exchange with a TER of 0.20%. It tracks the MSCI EMU SRI Select Reduced Fossil Fuel index, SMUA offers investors exposure to stocks within the European Monetary Union with strong ESG scores.

Stephen Cohen, head of iShares EMEA at BlackRock, said:

Just as investors have embraced index investing for efficient, transparent and scalable market exposures in traditional portfolios, ETFs are enabling investors to actively pursue sustainability objectives and take control of their investment outcomes.

Providing ESG equivalents to our flagship products while providing thematic products will further steepen the ETF adoption curve, as investors seek out the most efficient market exposure tools with which to navigate markets.”

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BlackRock launches first smart city ETF