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CRBN - ACWI Low Carbon Target Ishares MSCI ETF

ACWI Low Carbon Target Ishares MSCI ETF logoThe iShares MSCI ACWI Low Carbon Target ETF (CRBN) is an exchange-traded fund (ETF) that seeks to track the investment results of an index composed of large- and mid-capitalization developed and emerging market equities with a lower carbon exposure than the broad market. The fund aims to provide exposure to companies with lower greenhouse gas emissions relative to their sector peers while maintaining a similar risk and return profile to the broad market.

CRBN was launched on December 12, 2014, and has since grown to over $7 billion in assets under management. The ETF is designed to align with the United Nations Sustainable Development Goals and is meant to provide investors with a tool to reduce their carbon footprint while still investing in a broad range of global equities.

The fund's index methodology utilizes carbon footprint data to identify companies with lower carbon exposure than their peers. The index also incorporates additional environmental, social, and governance (ESG) criteria, including controversies related to business practices and human rights violations, to screen out companies with poor sustainability records.

CRBN holds approoximately 1,200 stocks across a broad range of sectors and regions, with a tilt towards consumer staples, healthcare, and technology. As of March 23, 2023, the top holdings of the ETF include Apple Inc., Microsoft Corporation, Inc., Alphabet Inc., and Facebook Inc.

Investing in CRBN allows investors to gain exposure to a diversified basket of companies with a lower carbon footprint, potentially reducing the impact of their investment portfolios on the environment. The ETF also provides exposure to companies with strong ESG practices and an alignment with the United Nations Sustainable Development Goals.

However, investors should be aware that CRBN's focus on low-carbon exposure may result in underperformance compared to the broader market during periods when carbon-intensive sectors are outperforming. Additionally, the ETF's fees are relatively high compared to some other passive ESG funds. As with any investment, investors should carefully consider their investment objectives and risk tolerance before investing in CRBN.




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