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.
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Photo credit: BlackRock