BlackRock chairman and chief executive Larry Fink has predicted assets in ETFs which include environmental, social and governance (ESG) factors will hit more than $400bn in the next decade, as he says they will eventually be equivalent to core portfolios.
In an interview with the Financial Times, Fink said he wants BlackRock to become a global leader in sustainable investing, adding investors did not have to sacrifice returns when gaining exposure to ESG...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow