BlackRock Future Climate and Sustainable Economy ETF
BECO
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Aug 9, 2021
- Similar Companies
- Business
- BlackRock Future Climate and Sustainable Economy ETF (BECO) is an actively managed exchange-traded fund that seeks to maximize total return by investing in a concentrated portfolio of global equity securities of companies BlackRock Fund Advisors believes are positioned to benefit from and contribute to the transition to a lower greenhouse gas emissions economy. The fund provides diversified exposure across key sub-themes including sustainable energy, future of transport, circular economy, and nutrition; it emphasizes companies with lower carbon footprints in sectors such as industrials (38%), materials (23%), information technology (13%), utilities (11%), and consumer staples (10%). BECO trades on the NYSE Arca exchange under the ticker BECO with CUSIP 09290C707, features a net expense ratio of 0.70%, and maintains approximately 56 holdings with top positions including DSM-Firmenich AG, Ecolab Inc., Avery Dennison Corp., Republic Services Inc., and Symrise AG. Launched on August 3, 2021, and managed by BlackRock Fund Advisors as part of the iShares family under BlackRock, Inc., headquartered in New York, the fund targets institutional and retail investors seeking thematic exposure to climate transition opportunities worldwide. Geographically, BECO invests across developed and emerging markets globally, with significant allocations to U.S., European, and other international equities focused on low-carbon innovation. The benchmark is the MSCI ACWI Multiple Industries Select Index (USD), though the fund employs active management without seeking to replicate it. In recent developments, as of June 2024, the fund's assets under management stand at approximately $3.1 million, reflecting ongoing portfolio adjustments amid market volatility and a year-to-date total return of -1.41% (NAV). No major acquisitions, funding rounds, partnerships, or product launches specific to BECO have been announced in the last 1-2 years; however, BlackRock continues to emphasize ESG integration, achieving an MSCI ESG Fund Rating of AA and a weighted average carbon intensity of 204.41 tons CO2e/$M sales. The fund maintains fee waivers of 0.01%, supporting its net expense structure.