New Products
What's New In Investments, Funds? – BlackRock
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The latest news on investment offerings, financial products and other services relevant to wealth advisors and their clients.
BlackRock
Asset manager BlackRock has expanded its
MyMap range to include the MyMap 3 Select ESG Fund and the MyMap
7 Select ESG Fund, marking the third anniversary of the
range.
The new products complement the existing range of six funds,
launched in May 2019, adding two new risk profiles for different
risk appetites, and offering investors more choice for meeting
their sustainable investing goals, the firm said.
The new funds target a reduction in each portfolio’s carbon
emissions intensity of 30 per cent relative to an equivalent
asset mix, as well as a reduction in their carbon emission
intensity, over five-year periods on a rolling basis, the firm
stressed.
Both new funds are required to invest at least 80 per cent of
their corporate assets into ESG exposures. The funds will also
invest a minimum of 80 per cent of their government bond assets
into ESG exposures with an ESG sovereign rating of BB or higher,
as defined by MSCI, the firm added.
According to BlackRock, which has $10 trillion in assets under
management, the funds are built using ETFs and index funds,
investing across an underlying universe of bonds, stocks,
alternatives and cash. They are actively managed and rebalanced
quarterly to weather the changing market environment.
Since it was launched three years ago, the range showed positive
returns in the first two years, with an average total return
since inception across these funds of 19.72 per cent. It has also
surpassed £710 million ($870 million) in assets under management
as of 31 May 2022, the US based firm stressed.
Highlighting the benefits of the range, Heather Christie, head of
UK advisers and platforms at BlackRock, said: “As interest rates
continue to rise and with inflation hitting a 40-year high, it’s
now more important than ever for people to consider investing to
mitigate the eroding impact that inflation can have on their
hard-earned savings.”
“For investors moving out of cash, multi asset funds like MyMap
are becoming increasingly popular as they offer simple and
cost-effective approaches to investment,” she added.