BlackRock adds ESG fund to MyMap multi-asset range

MyMap 5 Select ESG fund launched

BlackRock has expanded its multi-asset MyMap fund range with the launch of the MyMap 5 Select ESG fund, which will incorporate ESG themes such as climate change, natural resources, pollution and waste, social opportunities and corporate behaviour.

As of April the new fund's portfolio, which is made up of iShares and index products, allocates 33% to bonds, 64% to stocks and 3% to other assets. It targets volatility of 8% to 11% and charges an OCF of 0.17%. BlackRock, which has faced intense criticism from environmental groups in recent years, said the launch demonstrated its commitments to "making sustainability its standard for investing", as outlined by CEO Larry Fink in January. The asset management giant also pointed to increased demand for sustainable investment funds, as well as the apparent outperformance of ESG thematics...