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BlackRock launches inclusivity ETF

BlackRock launches inclusivity ETF

BlackRock and Reuters have launched an exchange traded fund (ETF) linked to an index ranking companies’ on inclusive employment.

The iShares Thomson Reuters Inclusion & Diversity ETF tracks the Reuters Global Large/Mid-Diversity and Inclusion, invested in 100 companies scoring highly on  ‘diversity, inclusion, people development and news and controversies’, excluding arms manufacturers. 

The fund, which has a charge of 0.25%, is the 15th addition to BlackRock’s ESG ETF range and 10th addition to its thematic ETF range, following the firm's launch of a fintech themed ETF last week.

Rachel Lord, head of Europe, the Middle East and Africa at BlackRock said: ‘We are launching this fund at a time when a spotlight is firmly on companies to show what they are doing to improve diversity in their workforce.

‘It is a significant step forward in the evolution of products that harness the power of social change to deliver long-term investment outcomes.’

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