BlackRock's giant ESG ETF questioned over ESG practices

Mark Battersby
clock • 2 min read

The largest ESG ETF, BlackRock's $22.5bn iShares ESG Aware (ESGU) product, may be making progress on its thematic label but its inflows may be stronger than its ESG practices, according to Bloomberg Intelligence. Inconsistencies in stock selection and sector allocation may become more important as regulators scrutinize ESG funds, it argued in an analysis report today (30 September).  Adeline Diab, Head of ESG and Thematic Investing EMEA at Bloomberg Intelligence, said: "There seem to be some conflicts between ESGU's holdings and the methodology and marketing documents of the index it ...

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