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ESG

BlackRock Sees 30% Jump in Flows to Suite of Climate ETFs

The nine funds that track EU-regulated climate transition benchmarks attracted $2.7 billion this year as of mid-June.

Sunlight Through Trees — Photographer: David Paul Morris/Bloomberg

By

Frances Schwartzkopff

July 7, 2022, 11:26 AM UTC

BlackRock Inc.’s greenest exchanged-traded funds have seen a 30% increase in inflows as investors seek out the most credible ESG products amid a wider cooling toward the industry.

The nine ETFs, which have tracked EU-regulated climate transition benchmarks since October, attracted a net $2.7 billion this year as of mid-June, bringing the total amount held in the funds to $11.6 billion, BlackRock said.