Moody’s have published a short note on BlackRock Asset Management’s new Liquid Environmentally Aware Fund (LEAF), the first money market fund in Europe that applies environmental and other characteristics, including Social and Governance (ESG) factors when selecting the fund’s investments.

The BlackRock fund will invest in issuers that at the time of purchase have above-average environmental practices and have not been involved in violations of the UN Global Compact, both as determined by MSCI.

Read the full Moody’s note.