Reported 27 days ago
BlackRock has announced the closure of 14 mutual funds and ETFs, roughly half of which focus on sustainable investing, primarily due to low asset attraction, with most funds managing less than $50 million. Analysts suggest the diminishing demand for sustainable products may be tied to ongoing backlash against ESG principles, coupled with a trend favoring passive investment strategies over active ones. Despite these closures, BlackRock remains a key player in the global sustainable investing landscape.
Source: YAHOO