Industry Updates

BlackRock adds ESG multi-asset index fund to MyMap range

Tom Eckett

a woman smiling for the camera

BlackRock has celebrated the one-year anniversary of its MyMap range by adding an ESG multi-asset index fund to its line-up.

The MyMap 5 Select ESG fund offers investors exposure to a range of ESG themes including climate change, natural resources, pollution and waste, social opportunities and corporate behaviour.

Like the rest of the MyMap range, the ESG fund will be a combination of iShares ETFs and index funds.

It has a 64% weighting to equities, 33% to fixed income and 3% to other asset classes with a volatility target of 8-11%.

Heather Christie (pictured), head of UK advisers and platforms at BlackRock, commented: “The COVID-19 crisis has triggered a widespread reassessment of the way we live our lives in terms of our health, our finances, and everyday activity.

“For advisers and their clients, this has resulted in identifying resilient sources of return as they increasingly seek to build portfolios that match their sustainable investing goals.

“Adding an ESG focused fund into the MyMap range, continues our commitment to providing choice and, means people can still benefit from being invested in a multi-asset index product but can now do so in a sustainable way.”

A tale of three ESG ETF launches

BlackRock has renewed its focus on ESG this year after chairman and CEO Larry Fink made a public commitment to sustainable investing in his CEO letter. This included a pledge to hold no company that made 25% or more of its revenues from thermal coal across its active strategies while the firm also has plans to double its ESG ETF and index offering by 2021.

The MyMap range was launched last May and was widely seen as a move to take on Vanguard’s LifeStrategy strategies.

The suite now consists of five funds with different volatility targets and charges investors 0.17%.

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