United Nations Joint Staff Pension Fund, New York, provided initial funding for two low-carbon exchange-traded funds, one launched by BlackRock and another by State Street Global Advisors, said a news release from the U.N.’s office of the secretary-general.
The pension fund, which currently has $53 billion in assets, seeded iShares MSCI ACWI Low Carbon Target ETF and SPDR MSCI ACWI Low Carbon Target ETF.
The asset sizes of the new ETF allocations were not disclosed.
Carol Boykin, U.N. secretary-general of investments could not be reached by press time.
