We have been notified by BlackRock Global Funds (the “Company”) of a change to the Investment Objective and Policy of the underlying fund into which P69 BlackRock New Energy invests.
The Company has advised of the following revised investment objective and policy, effective from 08 December 2017:
“The New Energy Fund seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of new energy companies. New energy companies are those which are engaged in alternative energy and energy technologies including: renewable energy technology; renewable energy developers; alternative fuels; energy efficiency; enabling energy and infrastructure. The Fund will not invest in companies that are engaged in the following activities (sectors as defined by Global Industry Classification Standard): coal and consumables; oil and gas exploration and production; and integrated oil and gas.
The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management.”
Should you have any questions regarding this change, please contact International Funds & Investments.