BlackRock has today (27 January) announced the launch of the BlackRock Fund Managers (BFM) Global Unconstrained Equity Fund (UK), which will have a concentrated, low turnover portfolio.
The fund, which will be managed by Alister Hibbert and Michael Constantis, will hold 20-30 stocks that demonstrate "a strong market position, structural tailwinds high returns and have strong management teams". BlackRock launches 'Europe's first' ESG high-yield bond ETFs It seeks high-conviction, long-only investors and will target developed markets while not adhering to any benchmark, due to its unconstrained nature. Following Larry Fink's recent statement about ESG, the fund will take an "issues-based" approach to ESG exclusion and will be integrated in the investment process, ac...
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