The money manager is also offering certain pension and 401(k) plans that want to exclude firearms from employee retirement programs five strategies that will exclude these investments. ((Photo: Shutterstock)
(Bloomberg) –BlackRock Inc., the world's largest asset manager, plans to start two exchange-traded funds that will exclude civilian firearm makers and large sellers in the wake of the Florida high school shooting.
The iShares MSCI USA Small-Cap ESG Optimized ETF, which will start trading on or about April 12, will track investment results of an index that is mostly made up of small-cap U.S. companies, according to a company release Thursday. BlackRock also filed an initial registration statement for the iShares ESG US Aggregate Bond ETF. Both ETFs will exclude producers and big retailers of civilian firearms.
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