Battle for climate benchmark assets intensifies among index giants

BlackRock, Amundi, UBS AM and Danske Bank increasingly use EU climate benchmark labels for their indexed products. Navigating in a jungle of questionable data and new regulation is no easy feat, though — and not even the world's biggest manager can meet the demands of every client at this stage.

BlackRock's EMEA Head of Sustainable Indexing Manuela Sperandeo. | Photo: PR / BlackRock

BlackRock will incorporate the EU Climate Transition Benchmark (EU CTB) for a suite of six exchange-traded funds during the next index rebalancing. The six ETFs were launched in March 2019 and offer various regional equity exposures tracking indices by MSCI.

In an interview with AMWatch, BlackRock's Head of Sustainable Indexing for the EMEA region, Manuela Sperandeo, describes this forthcoming change as "one of BlackRock's most important initiatives in 2021," as it affects more than USD 9bn in client assets. This makes the suite the largest climate-aligned ETF range in the EMEA region.

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