Key stats
About BlackRock Future Climate and Sustainable Economy ETF
Expense ratio
0.70%
Home page
Inception date
Aug 3, 2021
BECO is actively managed to hold globally-listed companies of any market-cap that are believed to help further the transition to a lower carbon economy, including those involved in sustainable energy, circular economy, and the future of transport and nutrition. Eligible companies are assessed for proprietary environmental criteria such as metrics related to carbon intensity and carbon emissions. BECO seeks to align with the goals of the Paris Climate Agreement, which aims for net-zero greenhouse gas emissions by 2050. The fund also includes sector-specific alignment targets for select sectors and does not intend to invest in certain higher emission industries and in companies violating the UN Global Compact. Additionally, the fund attempts to have a better aggregate environmental assessment and overall ESG score than its benchmark, the MSCI ACWI Multiple Industries Select Index.
Classification
What's in the fund
Exposure type
Producer Manufacturing
Process Industries
Utilities
Consumer Non-Durables
Stock breakdown by region