Blackrock adds multi-strategy ESG bond fund

BlackRock has added the Systematic Multi-Strategy ESG Screened fund.

Blackrock says the fund looks to generate a total return form of capital and income through three strategies: directional asset allocation, macro and defensive long/short equity. The fund is categorised as Article 8 under the European Union’s Sustainable Finance Disclosure Regulation (SFDR)

Jeff Rosenberg, senior portfolio manager of the fund says, “The ongoing macro environment of low yields and rising inflation has forced investors to re-think the role of fixed income across portfolios as the return and diversification benefits have become more challenged. This fund can be a solution for investors to tackle these macro and portfolio construction headwinds as it helps to add alternative sources of portfolio diversification and resilience.”