BlackRock North American Income trust to rebrand as it targets sustainability

BlackRock Sustainable American Income Trust

The board of the BlackRock North American Income trust wants to incorporate a sustainable investment approach into its investment policy and rebrand it as BlackRock Sustainable American Income trust.

With the trust having returned 178.1% since its launch almost ten years ago, the board is proposing an overhaul that will see the strategy focus on sustainability and target a larger proportion of mid-cap companies. BlackRock launches world ESG insights equity fund It is also looking to remove the trust's sole focus on large-cap companies in order to give the managers greater flexibility. The mid-cap companies that the trust will invest in will still be substantial enterprises, however, with over 85% of them having market caps in excess of $10bn. The board wants to reduce the numbe...