Blackrock has added to its Luxembourg-domiciled Blackrock Global Funds (BGF) range with the launch of the BGF Impact Bond Fund.
The fund will invest at least 80% of its total assets in securities that, according to Blackrock, “have been classified according to measurable and material benefits for society or the environment”.
The strategy, which is classified as ‘Article 9’ under the European Union’s Sustainable Finance Disclosure Regulation, has an unconstrained investment style and is actively managed by the firm’s global multi-sector and European fixed income management teams.
Blackrock has suggested investors use the ICE Green, Social and Sustainable Bond Index, EUR hedged, to benchmark the fund’s long-term performance.
The fund, which had reached £75.6m in size as of 15 November, has a minimum investment level of €100,000 and an OCF of 0.57%
Ronald van Loon, co-manager of the fund, said: “The BGF Impact Bond Fund taps into the growing investor interest in driving positive social and environmental impact within a fundamental active global bond portfolio, leveraging Blackrock’s proprietary impact research with its macro global investment views.”
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