BlackRock has launched the Green Bond Index Fund in a move reflecting the firm’s ambitions in social and environmental investment.
BlackRock says there is growing demand for this “fast-growing” part of the fixed income market.
The Green Bond Index Fund will offer investors exposure to a selection of fixed income securities that are issued to fund projects with direct environmental benefits.
The fund will reflect performance of the Bloomberg Barclays MSCI Global Green Bond Index.
Ashley Schulten, director, head of climate solutions (fixed income) and co-manager of the fund, said: “We see a strong interest in green bonds from clients we service as they seek to participate in climate friendly and environmentally beneficial investments without making major changes to sector allocation or liquidity risk in their holdings.”
Darren Wills is the other co-manager.
In February 2015, BlackRock launched BlackRock Impact, the firm’s global platform catering to investors with social or environmental objectives.
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