SGX Group and BlackRock are collaborating to help investors pursue low carbon transition goals through the listing of the iShares MSCI Asia ex-Japan Climate Action ETF. This ETF tracks the MSCI AC Asia ex Japan Climate Action Index, selecting the top 50% of companies in each sector based on carbon intensity and commitments to climate action. It's the largest equity ETF launched in Singapore, with assets of USD426mn at launch. The fund allows investors to access leading Asian companies committed to reducing carbon emissions and is managed by BlackRock, while Prudential is one of the anchor investors.

Source: ESGNews