iSHARES MSCI AXJ CLIMATE ACTION ETF

Access companies that may be better positioned for the transition to a low-carbon economy

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iShares MSCI Asia ex Japan Climate Action ETF seeks to track the investment results of an index that selects the top 50% companies in each GICS® sector1 on the basis of their relative climate transition risk and steps taken to mitigate these risks.

FUND HIGHLIGHTS

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Build low-carbon portfolios

First ever climate building block for AxJ equities globally, backed by best-in-class methodology and comprehensive research conducted by MSCI.
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Broad diversified exposure

Invest in the top 50% of climate conscious companies within their sectors1 across markets in Asia ex Japan that may be better positioned to manage the transition to a low-carbon economy.2
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Cost effective solution

An all-inclusive and transparent annual management fee of 0.18%.3

KEY FUND FACTS

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Fund Information
Fund nameiShares MSCI Asia Ex Japan Climate Action ETF
TickerICU (USD), ICM (SGD)
SEDOLBRT7M82 (USD), BRT7M71 (SGD)
ISINSGXC39575946
Benchmark IndexMSCI AC Asia ex Japan Climate Action Index
Management fee (p.a.)0.18%
Listing date14/9/2023
ExchangeSingapore Exchange
Asset classEquity
Trading board lot size1 unit
Trading currencyUSD (primary), SGD (secondary)
Distribution frequencyAnnual
VIEW FUND DETAILS

ABOUT THE INDEX

About the MSCI AC Asia ex Japan Climate Action Index:

  • Access best-in-class companies committed to reducing carbon emissions: Balances companies’ transition risks against their emission reduction targets and climate risk management to select the top 50% of companies in each GICS® sector.​1
  • Broad exposure across sectors and markets: Provides extensive exposure to companies across sectors ​and markets in Asia ex Japan that are better positioned to manage the transition to a low-carbon economy based on current ​and forward-looking climate metrics.2​
  • Convenient access to transition investing: Investors are able to swiftly reorient their investments by choosing an established benchmark from index provider MSCI, ​backed by best-in-class methodology and research.​

INDEX DETAILS

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Index Characteristics
IndexMSCI AC Asia ex Japan Climate Action Index
No. of constituents607
CurrencyUSD
Dividend yield2.33%
Turnover18.95%
RebalancingSemi-annually
Bloomberg TickerMXASCANU

INDEX SECTOR EXPOSURE

Index exposure breakdown by sectors

INDEX MARKET EXPOSURE

Index exposure breakdown by markets
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Index Top 10 Holdings
Name of holdingsWeight (%)SectorMarket
TAIWAN SEMICONDUCTOR MFG5.84Info TechTaiwan
TENCENT HOLDINGS LI (CN)4.87Comm ServicesChina
ALIBABA GRP HLDG (HK)4.80Consumer DiscretionaryChina
RELIANCE INDUSTRIES2.65EnergyIndia
MEITUAN B2.21Consumer DiscretionaryChina
INFOSYS1.69Info TechIndia
HOUSING DEV FINANCE CORP1.68FinancialsIndia
ICICI BANK1.65FinancialsIndia
HONGKONG EXCH & CLEARING1.27FinancialsHong Kong
DBS GROUP HOLDINGS1.18FinancialsSingapore
Total27.84

Source: MSCI, BlackRock; as of 30 June 2023. Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the geography where the issuer of the securities carries out much of their business. Allocations are subject to change. Due to rounding, the total may not be equal to 100%. 

WHY iSHARES FOR SUSTAINABLE AND TRANSITION INVESTING

  • iShares provides investors choice with a broad suite of sustainable and transition ETFs globally to help them pursue their sustainable objectives. With 300 iShares sustainable and transition ETFs and index mutual funds to choose from, representing US$278 billion in assets under management (AUM)4, BlackRock’s index transition investing platform has reached US$56 billion in AUM.5
  • iShares ETFs allow investors convenient access to index investing. Through index investing, investors are able to swiftly reorient portfolios to reflect their sustainable, climate, or transition-related objectives, while seeking to minimize risk and capture opportunities by choosing an established benchmark from index providers.​
  • iShares sustainable and transition investing ETFs are powered by BlackRock’s proprietary research and global scale, together with a dedicated team of sustainable and transition specialists across the firm.6