Last week, Ilmarinen invested EUR 750m in the recently launched iShares ESG MSCI USA Leaders ETF, one of the largest equity ETF launches in history, by re-allocating the amount from a broad S&P 500 exposure.
The new strategy tracks mid and large-cap companies in the US with a higher environmental, social and corporate governance score than their sector peers, and it was developed in a collaboration between the Finnish pension giant and Blackrock, according to BlackRock’s iShares Head of Nordics Matti Tammi. "This strategy is a result of our long-standing partnership with Ilmarinen," he explains to AMWatch. "BlackRock's Nordic partners incorporate sustainability as a core feature in all tailored solutions, and the Nordics are pioneering the development globally."
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