Environmental, social and governance (ESG) investing themes are a growing part of the broader exchange traded funds landscape. At least one ETF issuer is working to make ESG funds more affordable.
BlackRock’s iShares brand, the world’s largest ETF issuer, revealed it is lowering fees on several of its ESG ETFs. The issuer also said it is lowering fees on eight of its fixed income ETFs.
“The company lowered fees by as much as 20 basis points at the offerings, which total about $204 million in assets, according to a Securities and Exchange Commission filing. It also made reductions of about 2 basis points on eight bond ETFs. The 11 funds have total assets under management of about $4 billion,” reports Bloomberg.