iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU)
iShares Paris-Aligned Climate Optimized MSCI USA ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $79.24, up 0.28% on the session, giving a market capitalisation of $2.53B. Its beta of 1.04 implies it has historically moved more than the broad market.
The PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF aims to replicate the investment performance of an underlying index. This index comprises a selection of large and mid-sized American companies, specifically chosen to align with the climate goals of the Paris Agreement. It achieves this by collectively driving a reduction in carbon emissions across its portfolio, decreasing its vulnerability to climate-related systemic and physical risks, and strategically increasing its allocation to businesses well-positioned for the global transition to a low-carbon economy.
iShares Paris-Aligned Climate Optimized MSCI USA ETF is most often compared with the following Financial Services names: