BlackRock’s Jump Into Sustainable Investing Leads to Record Haul

BlackRock Inc.’s push into sustainable investing is producing big results.

Of the $98 billion in long-term net flows that the firm took in last quarter, about one third, or $32 billion, went into sustainable funds -- a quarterly record.

The flood of money tied to environmental, social and governance factors was especially high in Europe, Chief Executive Officer Larry Fink told analysts on a conference call after reporting earnings Wednesday.

“I continue to see this big shift in investor portfolios as they move away from traditional indexes to more sustainable types of indexes,” Fink said.

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