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BlackRock Launches Two Carbon Transition ETFs, 'LCTU' & 'LCTD'


BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and the
BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) invest in large- and mid-cap companies, tilting toward those companies that BlackRock believes are better positioned to benefit from the transition to a low-carbon economy.
The two funds raised more than $1.5 billion, highlighting the increased focus on global institutional investors’ climate-aware strategies. The day-one investments into LCTU make it the largest ETF launch ever.
“The energy transition is central to all companies’ growth. Winners and losers will emerge in every sector based on each company’s ability to adapt, innovate and pivot their strategies toward the low-carbon economy,” said Larry Fink, Chairman and CEO of BlackRock. “Many of our clients share this conviction, and we are helping them be at the forefront of the energy transition through next generation climate analytics and sustainable strategies. We believe t ....

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