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BlackRock launches social and environmental impact equity fund
By Lisa Kerner
Charlotte, N.C., Oct. 13 – BlackRock, Inc. announced it launched the BlackRock Impact U.S. Equity Fund, a mutual fund that aims to invest in measurable social and environmental outcomes.
“Demographic shifts, stakeholder advocacy, and government regulation are combining to create unprecedented demand for sustainable and impact investment solutions,” said Deborah Winshel, managing director and global head of impact investing at BlackRock.
The fund will trade under the ticker “BIRAX” and is run by BlackRock’s Scientific Active Equity team, according to a news release.
The team employs its research process to score more than 8,000 companies daily across three societal impact outcome areas: health, the environment, and corporate citizenship, and screens out certain companies or industries, including alcohol, tobacco, and weapons manufacturers.
BlackRock is an investment management company is based in New York City.
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