LONDON - iShares III plc announced today that the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index, which serves as the benchmark for the iShares € Aggregate Bond ESG UCITS ETF, will undergo modifications to comply with the French Investissement Socialement Responsable (ISR) label standards. The changes are slated to be implemented on January 2, 2025.
The adjustments to the index will reflect the company's commitment to aligning its investment strategies with socially responsible and sustainable practices, a growing trend in the financial industry. This move is expected to meet the criteria set by the French ISR label, which is designed to promote and recognize funds that integrate environmental, social, and governance (ESG) considerations into their investment processes.
Investors with inquiries regarding this update have been provided with contact information for iShares representatives in the United Kingdom (TADAWUL:4280), Germany, and Switzerland. The company has also made a full shareholder letter available for inspection and download on the Financial Conduct Authority's National Storage Mechanism website and the iShares website.
The iShares € Aggregate Bond ESG UCITS ETF is part of a suite of investment products that aim to offer exposure to fixed-income securities while considering ESG factors. As investors increasingly seek to align their portfolios with their values, such products are gaining popularity in the market.
The announcement comes amid a broader shift in the asset management industry towards more sustainable investment options, with ESG criteria becoming a significant factor in investment decision-making. The adaptation of the fund's benchmark index to meet the French ISR label's requirements reflects the ongoing evolution of the industry towards sustainability.
The information about these changes is based on a press release statement from iShares III plc, a recognized player in the global ETF market. As the financial community continues to emphasize the importance of sustainable investing, this development illustrates the industry's responsiveness to investor demand for products that support responsible investment practices.
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