BlackRock has launched the Americas Diversified Equity Absolute Return Fund. The fund will seek to achieve a positive absolute return for investors regardless of market movements.
At least 70% of the fund will be invested in equities and equity-related securities including derivatives of, or giving exposure to, companies listed or incorporated in the United States, Canada and Latin America.
The portfolio will be highly diversified across these regions, while also seeking to minimise net exposure to underlying equity markets within the region, according to a statement from BlackRock. It adds the fund will seek to maximise positive returns