Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Financial Intermediaries
On this website, Financial Intermediaries are investors that qualify as both a Professional Client and a Qualified Investor.
In summary, a person who can both be classified as a professional client under the Markets in Financial Instruments Directive II (2014/65/EU, “MiFID”) and a qualified investor in accordance with the Prospectus Regulation ((EU) 2017/1129) will generally need to meet one or more of the following requirements:
(1) An entity required to be authorised or regulated to operate in the financial markets. The following list includes all authorised entities carrying out the characteristic activities of the entities mentioned, whether authorised by an EEA State or a third country and whether or not authorised by reference to a directive:
(a) a credit institution;
(b) an investment firm;
(c) any other authorised or regulated financial institution;
(d) an insurance company;
(e) a collective investment scheme or the management company of such a scheme;
(f) a pension fund or the management company of a pension fund;
(g) a commodity or commodity derivatives dealer;
(h) a local;
(i) any other institutional investor;
(2) a large undertaking that meets two of the following size requirements on a company basis: (i) a balance sheet total of EUR 20,000,000; (ii) an annual net turnover of EUR 40,000,000; (iii) own funds of EUR 2,000,000;
(3) a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECB, the EIB) or another similar international organization;
(4) a natural person resident in an EEA State that permits the authorisation of natural persons as qualified investors, who expressly asks to be treated as a professional client and a qualified investor and who meets at least two of the following criteria: (i) he/she has carried out transactions on securities markets at an average frequency of, at least, 10 per quarter over the previous four quarters before the application, (ii) the size of his/her financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500.000, (iii) he/she works or has worked for at least one year in the financial sector in a professional position which requires knowledge of securities investment.
Please note that the above summary is provided for information purposes only. If you are uncertain as to whether you can both be classified as a professional client under the Markets in Financial Instruments Directive and classed as a qualified investor under the Prospectus Directive then you should seek independent advice.
Terms and conditions
Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
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The offshore funds described in the following pages are administered and managed by companies within the BlackRock Group and can be marketed in certain jurisdictions only. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Further information is available in the Prospectus or other constitutional document for each fund.
This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
Specifically, the funds described are not available for distribution to or investment by US investors. The units/shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and, except in a transaction which does not violate the Securities Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA) may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person.
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Risk Warnings
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.
BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The data displayed provides summary information. Investment should be made on the basis of the relevant Prospectus which is available from the manager.
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Investors should read the offering documents for further details including the risk factors before making an investment.
Please note that while some of the BlackRock funds are "ring-fenced", others form part of a single company and are not. For BlackRock funds that do not have segregated liability status, in the event of a single BlackRock fund being unable to meet liabilities attributable to that BlackRock fund out of the assets attributable to it, the excess may be met out of the assets attributable to the other BlackRock funds within the same company. We refer you to the prospectus or other relevant terms and conditions of each BlackRock fund for further information in this regard.
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Navigating sustainable investing comes with challenges and opportunities for investors. Here’s how iShares can help.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
As a fiduciary, we invest on our clients’ behalf to help them meet their investment objectives. Our focus is on understanding and managing investment risk, anticipating our clients’ needs, and supporting them in achieving their long-term investment goals.
Demand for sustainable investing continues to grow as investors have moved their money into sustainable investments at six times the growth rate of traditional investments.1 We recognise there are both challenges and opportunities for investors seeking sustainable investing solutions - iShares is here to help navigate the complexity to mitigate the challenges and maximise the opportunities.
When thinking about incorporating sustainable considerations with indexing, iShares can help at every stage of your journey. Research conducted with over 400 investors2 identified the top challenges investors face when incorporating sustainability considerations into their portfolios.
How can I build an investment portfolio that aligns with my financial goals and also incorporates sustainability objectives?
When you invest with iShares, you get access to the experience and expertise of BlackRock. Our role is to listen to you and provide choice. As our client, we start with you and seek the best risk-adjusted returns within the mandates you give us. From providing consultations on investment strategy and portfolio construction, to offering model portfolio solutions, trading strategies and transition management, we can help you incorporate iShares ETFs, building blocks that seek to bring transparency, liquidity and lower costs with access to sustainable investing.
Whether you are looking to evaluate your portfolio’s holistic sustainability profile, evolve it through product substitutions or build strategic asset allocations, the BlackRock Portfolio Consulting team can help you align it with your sustainable goals.
Our BlackRock Multi-Asset Portfolio ESG ETFs seek to provide a return of at least 80% in ETFs tracking indices that meet certain sustainability criteria. We have products across conservative, moderate and growth risk profiles, all built with iShares ETF building blocks.
Risk: Any fund in BlackRock Multi-Asset Portfolio ESG ETFs may invest in a variety of investment strategies and instruments while aiming to be highly diversified in terms of risk and returns. The Funds are therefore directly and indirectly, through their investments, subject to the risks each of these investment strategies and instruments are subject to.
Risk: The environmental, social and governance (“ESG”) considerations discussed herein may affect an investment team’s decision to invest in certain companies or industries from time to time. Results may differ from portfolios that do not apply similar ESG considerations to their investment process.
When you have determined the sustainable approach that works for you, BlackRock’s specialist teams can help manage its implementation.
How do I find and interpret data to assess the sustainability profile of a fund or portfolio?
iShares works closely with index providers to assess the quality of data across the sustainable indices which underpin our indexed products. iShares also leverages BlackRock research, which informs our investment approach and product innovation. To seek the best risk-adjusted returns for our clients, BlackRock researches major structural trends shaping the economy, markets, and asset prices.
Risk: There is no guarantee that research capabilities will contribute to a positive investment outcome.
Aladdin®, our risk and portfolio management system, integrates thousands of sustainability-related metrics from a range of third-party data providers and has established data partnerships with Sustainalytics, Refinitiv, Rhodium and Clarity AI.
Risk: While proprietary technology platforms may help manage risk, risk cannot be eliminated.
BlackRock’s portfolio management team uses data in Aladdin® to assess holdings in our sustainable products at the issuer level, monitoring how this has changed and anticipating future evolutions to the indices we track.
Risk: The environmental, social and governance (“ESG”) considerations discussed herein may affect an investment team’s decision to invest in certain companies or industries from time to time. Results may differ from portfolios that do not apply similar ESG considerations to their investment process.
In addition to portfolio construction expertise, iShares can provide a full range of solutions to help investors navigate index analytics, product selection, and trading liquidity. For example, index analytics can support investors looking to incorporate sustainability considerations with their investment approach, by offering clarity on the sustainable characteristics of the underlying indices, in order to pursue the desired exposure from both a risk-return perspective and sustainability profile.
How do I find sustainable funds aligned to my needs?
In light of the increased number of sustainable products on the market, investors have more choice across asset classes and sustainability strategies. Navigating the breadth of products can be a challenge to investors, and so iShares can provide investors clarity, choice and quality to help meet their sustainable goals.
iShares offers the ability to scale a consistent approach across the whole portfolio, with sustainable indexing alternatives in equities and fixed income across all sectors of the market from screened exposures to impact investing.
What’s under the hood matters. iShares sustainable ETFs are managed by global teams of equity and fixed income BlackRock portfolio managers.
At iShares, we look to drive innovation and enhance existing exposures by consistently engaging globally with leading index providers on behalf of our clients. For example, in 2019, we worked with MSCI to launch the first sustainable optimised strategy in EMEA through our iShares ESG Enhanced ETFs, which evolved to incorporate the EU Carbon Transition Benchmark requirements in 2021.
Our sustainable investing approach is dynamic, and we continue to innovate to reflect evolution in sustainable indexing, changing regulations and feedback and insights from our clients. iShares works with stock exchanges and market makers to develop sustainable ETF options, sustainable indexed futures and the sustainable ETF lending market, on behalf of our clients.
Investors can use BlackRock’s Sustainable Investing Platform to determine which iShares ETF and index products best aligns with their investment goals. This framework classifies iShares ETFs and index products according to four sustainable approaches.
Screened
Constrain investments by avoiding issuers or business activities with certain environmental, social and / or governance characteristics.
Uplift
Commitment to investments with improved environmental, social and / or governance characteristics versus a stated universe or benchmark.
Thematic
Targeted investments in issuers whose business models may not only benefit from but also may drive long-term sustainability outcomes.
Impact
Commitment to generate positive, measurable, and additional sustainability outcomes.
As of June 2023.
Want help navigating the range of sustainable options? The iShares product screener maps our ETFs to sustainable options. The product screener incorporates sustainable characteristics* including sustainability-related metrics and Sustainable Finance Disclosure Regulation (SFDR) classifications, so you can filter our range to align to your needs.
*Sustainability characteristics can be viewed on the product screener when ‘Sustainability Characteristics’ is selected in the data view or individually on each product page.
1 Source: BlackRock Global Market Intelligence as at 01 April 2023
2 Source: BlackRock, as at 30 June 2021, EMEA Client Sustainability Survey