Blackrock adds new fixed income impact strategy to global fund lineup
Article 9 Blackrock Global Funds Impact Bond seeks to identify opportunities in fixed income sectors across a multi-currency, multi-sector investment universe.
Supported by a research process covering duration management, asset allocation and currency positions, the fund invests at least 80% of its assets in securities ranked according to the “measurable and material” advantages for society or the environment, the firm said.
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The strategy uses Blackrock’s proprietary impact research, which includes tagged green, social and sustainability bonds, as well as mortgage-backed securities and municipal investments.
Its objective is to generate attractive risk-adjusted alpha in various market environments, while supporting positive environmental and social outcomes, in line with the United Nations SDGs.
The fund has a flexible approach to sector allocation, aiming to create a diversified portfolio that can adapt to changing and volatile markets, and does not take a benchmark into account when selecting investments.
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Ronald van Loon, co-manager of the BGF Impact Bond Fund, said: “The fund is harnessing growing investor interest in driving positive social and environmental impact within a core active global bond portfolio, leveraging the BlackRock’s proprietary impact research with its macro-global investing. views.”
The strategy is actively managed by Blackrock’s Global Multi-Sector and European Fixed Income teams.
It is compared to the ICE Green, Social and Sustainable Bond index indexed EUR hedged.