BlackRock, an investment management firm based in the US city of New York, recently launched its Global Impact Fund with USD 20 million in assets. The goal of the fund is to generate returns through long-term capital growth as well as income. BlackRock will invest at least 80 percent of the fund’s assets in equity and equity-related securities of companies around the world that seek to help meet the UN Sustainable Development Goals (SDGs). This will include placements in sectors such as “affordable housing, education and skilling, financial and digital inclusion, public health, safety and security, efficiency, electrification and digitalization, green energy, pollution remediation and prevention, sustainable food, and water and waste.” While mainly investing in developed market companies, the fund “may invest up to 30 percent (in aggregate) of its Net Asset Value in any emerging market country or a frontier market country…”. The Global Impact Fund is domiciled in Ireland and is open to “qualified holders” with a minimum initial investment of USD 5,000.
Established in 1988, BlackRock operates in approximately 100 countries as of 2020. As of 2019, the firm managed assets valued at USD 7.4 trillion.
By Madigan Ruch, Research Associate
Additional Sources and Resources
BlackRock Global Impact Fund webpage
https://www.blackrock.com/uk/individual/products/313456/blackrock-global-impact-fund
BlackRock Asset Management Ireland Limited prospectus
https://www.blackrock.com/uk/individual/literature/prospectus/blackrock-funds-i-icav-prospectus-april-2020-emea-en.pdf
BlackRock description
https://www.blackrock.com/corporate/about-us/global-impact
BlackRock financial report, 2019
https://s24.q4cdn.com/856567660/files/doc_financials/2019/ar/BlackRock-2019-Annual-Report.pdf
UN Sustainable Development Goals webpage
https://www.un.org/sustainabledevelopment/sustainable-development-goals/
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