BlackRock’s newest ESG-integrated ETF — iShares ESG MSCI EM Leaders — received a substantial investment of more than $600 million on its third day of trading.
The investment Monday by Helsinski-based Ilmarinen Mutual Pension Insurance Co. is its second in a BlackRock ESG-focused ETF.
“iShares previously worked with Ilmarinen to launch … iShares ESG MSCI USA Leaders ETF, which launched in May 2019 with nearly $850 million from the Finnish firm,” BlackRock said Wednesday in a news release.
Matthew Kobussen, a BlackRock spokesman, was not immediately available to provide more information about the collaboration between the money manager and the insurer, which managed €49.1 billion ($54.6 billion) as of Sept. 30.
“ESG has been a core component of our investment strategy for a long time,” said Anna Hyrske, Ilmarinen’s head of responsible investments, in BlackRock’s release.
She said that until recently, “implementing sustainable strategies in our indexed public equity portfolio has been difficult because many parts of the market lacked a suitable ESG-oriented benchmark. Advances in ESG data and analysis, indexing and portfolio construction have helped us achieve our sustainability goals and meet our performance objectives.”