BlackRock has launched a new actively managed materials transition fund, investing in what it describes as emissions reducers, enablers and green leaders.
The BlackRock Global Funds Brown to Green Materials fund aims to invest at least 80% of its assets in firms that produce materials for lower carbon technologies or are reducing their own emissions intensity. Managed by Evy Hambro, Olivia Markham and Hannah Johnson from BlackRock's Thematics and Sectors team, the Article 8 fund will invest in a concentrated portfolio of between 30 and 60 firms. Only four FTSE 100 companies have 'credible' climate plans The team said "markets may have overlooked the ingredients essential to this infrastructure", adding the sector could "offer some of...
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