BlackRock has launched its first property fund into the UK retail space.
The BlackRock Global Property Securities Equity Tracker fund targets capital growth by following the FTSE EPRA/NAREIT Global Real Estate Series Developed index. BlackRock’s index portfolio management team will run the fund, with Manus Stapleton as the lead manager. The fund will sit within the BlackRock Collective Investment Funds (BCIF) range. “The fund is being launched as part of our strategy to enhance the range of trackers available within our BCIF range. “It will also be used as a building block within our Consensus fund,” BlackRock said. BlackRock’s CIF is a Ucits umbrella ...
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