BlackRock Expands Fund Lineup
IShares pursues a new ETF strategy and branding initiative with a core series of funds for buy-and-hold investors, BBH Core Select nears capacity, and Vanguard rolls out a new TIPS product.
Following last week's announcement that BlackRock would launch a new global long/short equity fund, the firm has filed to launch four additional funds this year.
The first, a multiasset real return fund, will be managed by Philip Green, Michael Fredericks, Lutz-Peter Wilke, and Justin Christofel. The fund will invest in Treasury Inflation-Protected Securities, equities, REITs, commodity-related companies, master limited partnerships, and investment-grade and junk bonds to try to beat inflation. Several firms have launched similar real return funds in recent years, although most have failed to gather significant assets as inflation has been kept at bay.
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