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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 ....
Updated: Share Article AAA A 58-year-old civil engineer was arrested for allegedly duping people on the pretext of investing in real estate with promises of high returns, the police said on Wednesday. The accused has been identified as Sanjay Chawla, a resident of Gurugram, they said. Chawla cheated over 53 people of ₹9 crore, the police said. The police received a complaint and registered a case against one Adel Landmarks Ltd. (formerly known as Era Landmarks Ltd, police said. Company project The complainants alleged that in March 2011, the company had made a pre-launch of a project by the name of ‘Cosmo Court’ which was to come up at Sector-86, Gurugram, a senior police officer said. ....