BlackRock has launched the BlackRock Strategic Funds (BSF) Impact World Equity Fund, which is Ucits compliant.
It consists of a portfolio that gives exposure to companies with a positive measurable societal impact whilst considering returns and risk. It is run by BlackRock’s scientific active equity (SAE) team, which employs its research process to score more than 8,000 companies daily across three societal impact outcome areas: health, the environment, and corporate citizenship.
BlackRock underlined that the fund excludes certain companies or industries, including alcohol, tobacco, and weapons manufacturers.
“This new investment strategy will help move impact investing from a niche to a core allocation,” said Jeff Shen, managing director and co-head of BlackRock’s SAE Investment Group.
Deborah Winshel, managing director and global head of Impact Investing at BlackRock said : “Demographic shifts, stakeholder advocacy, and government regulation are combining to create unprecedented demand for sustainable and impact investment solutions
“Impact investing enables investors to do more with their money than simply achieving a financial return. Through transparent measurement and outcome reporting, impact investing allows investors to better understand how their money is being put to work.”
BlackRock currently manages over $200bn (€175.2bn) of assets across environmental, social and governance (ESG) portfolios, and impact investments.
As of 30 June 2015, BlackRock manages $4.72trn (€4.13trn) of assets under management.