BlackRock launches ESG total return bond fund

Exclusion and weighting basis

BlackRock has launched an ESG equivalent of its BGF Fixed Income Global Opportunities fund (BGF FIGO), which will be its first global unconstrained ESG total return bond fund.

The BGF ESG Fixed Income Global Opportunities fund (ESG FIGO) will be managed by the same team as its non-ESG counterpart and aims to deliver "diversified risk-adjusted returns across a market cycle, while balancing against specific ESG tilts and outcomes", and will utilise a euro base currency to "mitigate hedging costs". Green shoots of hope: How sustainable is performance spike in ESG funds post-pandemic? ESG FIGO will be available to retail investors with an annual management charge of 0.5%, the same as BGF FIGO, and will utilise a variety of sustainability screens including an ex...