RBC iShares launches 4 sustainable ETFs

RBC iShares has released four new multi-asset ETFs that are environmental, social and governance–focused, the firm said in a release on Wednesday.

The funds, which have annual management fees of 0.22%, are: the iShares ESG Conservative Balanced ETF Portfolio, the iShares ESG Balanced ETF Portfolio, the iShares ESG Growth ETF Portfolio and the iShares ESG Equity ETF Portfolio.

The funds join the RBC iShares suite of sustainable ETFs and complement the iShares Core ETF Portfolios, the release said. They’ll be managed by BlackRock, Inc. subsidiary BlackRock Asset Management Canada Ltd.

The launch of the new funds follows growing investor interest in sustainable products.

“We’re excited to make sustainability more accessible,” managing director Pat Chiefalo said in the release.

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