2030 Finance | March 21, 2017

BlackRock launches euro-based green bond fund

The team at


Climate Finance

BlackRock has launched a euro-based green bond fund.

“A few specific clients” prompted the global asset manager to scope the new fund last year, according to BlackRock’s Ashley Schulten (paywall).

We don’t know how big the fund will be, but it will track the MSCI/Barclays/Bloomberg index of “investment-grade corporate, government-related, treasury and securitised bonds” (not all so-called “green bonds” qualify for the index).

BlackRock says the fund will be open to both institutional and retail investors.

Global green bond issuance grew 120 percent in 2016 to $93 billion. BlackRock’s fund follows similar products from State Street, Allianz and Axa.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: BlackRock