BlackRock has launched an unconstrained equity fund that will invest in 20-30 companies with “exceptional” global businesses.
To be included in the fund, businesses will have to have a track record of strong market positioning, structural tailwinds, high returns, and strong management teams.
The fund’s portfolio managers, Alister Hibbert and Michael Constantis, will target developed markets, focusing primarily on the US and Europe.
Hibbert said: “The Global Unconstrained Equity Fund seeks to maximise returns from hard-to-replicate, global companies with sustainable earnings power.”
The strategy will not use a benchmark index when selecting investments and instead will be managed in an unconstrained way whilst keeping in line with BlackRock’s recent pledge to integrate sustainability across all investments.
The fund giant said it will take on an issues-based approach to environmental, social and governance (ESG) exclusion, as well as integrate ESG into the investment process.
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