Should I invest in BlackRock?

I just read this email from the California State Teachers Retirement System. Read it, and tell me what you think! Should I invest in BlackRock? Thank you!


CalSTRS announces new low-carbon transition readiness investment in global equity markets

CalSTRS will be one of the largest investors in new BlackRock exchange-traded fund suite

WEST SACRAMENTO, Calif. (April 9, 2021) – The California State Teachers’ Retirement System (CalSTRS) today announced its investment in two new low-carbon transition readiness exchange-traded funds (ETF). The BlackRock U.S. Carbon Transition Readiness ETF and the BlackRock World ex U.S. Carbon Transition Readiness ETF [began trading yesterday]


and are one of the largest ETF launches in history. These ETFs address market risks and opportunities associated with the global transition to a low-carbon economy while also closely tracking the performance of the broad equity market.

While CalSTRS has managed environmental risks, including climate change, within its portfolio for more than 15 years, the Teachers’ Retirement Board initiated its low-carbon transition work plan in May 2019. This investment in BlackRock’s ETFs makes progress on two goals of the work plan: to expand low-carbon investments that meet the Fund’s risk-return goals and to better understand how companies within the investment portfolio are positioned for the low-carbon transition.

“Investing in BlackRock’s transition readiness strategy is an innovative new way for CalSTRS to prepare for the global energy transition while also maximizing returns for our membership,” said Chief Investment Officer Christopher J. Ailman. “This investment is just one example of the many ways that CalSTRS is expanding investments in sustainability and climate-related solutions across our portfolio.”

Contact: Vanessa Garcia

(916) 414-1440

Blackrock is an amazing asset management company. From the read of it, you have the option to invest in the ETF that Blackrock manages (not invest in Blackrock itself). To that question, are you aligned with the ETF’s mission/purpose? If you’re invested in a Target Date Index Fund, I would assume that the companies in these ETFs would already be a part of your investment line up. Do you want to put more money in? This is really a personal preference and individual risk tolerance.