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BlackRock, SGX launch climate action ETF at local equity record of US$426 million

Uma Devi

Uma Devi

Published Thu, Sep 14, 2023 · 05:00 AM
    • The fund, a collaboration among BlackRock, SGX and the MSCI,  has assets under management of US$426 million. 
    • The fund, a collaboration among BlackRock, SGX and the MSCI,  has assets under management of US$426 million.  PHOTO: BT FILE

    ASSET manager BlackRock teamed up with the Singapore Exchange (SGX) and MSCI on Thursday (Sep 14) to list a US$426 million exchange traded fund (ETF).

    This is the largest equity amount for an ETF launched in the city-state.

    The fund tracks the MSCI Asia ex-Japan Climate Action Index, which is part of the suite of MSCI Climate Action Indexes launched at the end of last year.

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