iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF
PABD
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- Financial Services
- Industry
- Asset Management - Global
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Jan 19, 2024
- Website
- ishares.com
- Similar Companies
- Business
- iShares Paris-Aligned Climate MSCI World ex USA ETF (PABD) is an exchange-traded fund that seeks to track the performance of the MSCI World ex USA Paris-Aligned Climate SRI PAB Index. The fund provides exposure to large- and mid-cap companies from developed markets outside the United States, selected and weighted by market capitalization while applying Paris-Aligned Benchmark (PAB) screens to reduce exposure to climate-related risks; it incorporates stringent greenhouse gas intensity reduction targets, fossil fuel reserves exclusions, and biodiversity alignment criteria. PABD offers investors a diversified portfolio across sectors including information technology, financials, health care, industrials, and consumer discretionary, with holdings such as ASML Holding NV, Novo Nordisk A/S, SAP SE, and Nestle SA. The ETF is issued and managed by BlackRock Institutional Trust Company, N.A., under the iShares brand established in 2000 and headquartered in San Francisco, California. It operates globally, focusing on equities from Europe, Japan, Canada, Australia, and other developed markets ex-USA, targeting institutional and retail investors seeking sustainable, low-carbon international equity exposure compliant with the Paris Agreement. In recent developments, PABD benefited from BlackRock's ongoing enhancements to its ETF suite amid surging demand for climate-aligned products, including the expansion of Paris-Aligned strategies launched in 2021 to meet EU SFDR Article 9 requirements; no major acquisitions or funding rounds specific to PABD occurred in the last 1-2 years, but BlackRock announced strategic integrations of climate risk analytics across its iShares platform in 2024. The fund maintains a competitive expense ratio of approximately 0.25%, with assets under management reflecting steady inflows driven by ESG mandates.