BlackRock launches ESG bond fund

BlackRock has launched the BGF ESG Fixed Income Global Opportunities fund.

The fund is an ESG equivalent of its BGF Fixed Income Global Opportunities fund and will be available to retail investors with an annual management charge of 0.5%. Blackrock say the fund has, “an exclusionary policy of certain industries and will have a bias towards names with higher ESG ratings and structural allocations to bonds that make sustainable impact”.