BlackRock launches global equity ESG ETF

TER of 0.30%

BlackRock has launched its eleventh environmental, social and governance (ESG) ETF in Europe, the iShares MSCI World SRI UCITS ETF.

With a total expense ratio (TER) of 0.30%, the ETF will track the MSCI World SRI Select index, which excludes companies involved in military weapons, tobacco, alcohol, nuclear power, civilian firearms, gambling, adult entertainment and genetically modified organisms. MSCI's ESG ratings look at how companies are exposed to idiosyncratic risks such as lawsuits, while also assessing industry issues such as regulation which can create significant risks and opportunities. What has been driving the boom in passive ESG product launches? Manuela Sperandeo, head of specialist sales at iShar...