ESG & Investing
BlackRock Extends Dominance in Fast-Growing Corner of ESG
- Morningstar says transition funds’ assets rose 25% last year
- BlackRock had four of the five best-selling transition funds
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BlackRock Inc. has emerged as the clear leader in a fast-growing corner of ESG: climate transition.
Transition strategies entail investing in companies that are seen as instrumental in shifting toward a low-carbon economy. Last year, the market for transition funds grew 25% to almost $210 billion, according to data provided by Morningstar Inc. And no asset manager drew as much investor cash to transition funds as BlackRock, the data show.