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BlackRock fund focuses on ESG goals for income and growth

EditorPollock Mondal
Published 11/21/2023, 04:20 PM
© Reuters.

The BlackRock (NYSE:BLK) Sustainable American Income Trust plc (LSE:BRSA) has solidified its commitment to environmental, social, and governance (ESG) criteria as a core part of its investment strategy. Since July 2021, the trust, managed by Tony DeSpirito, David Zhao, and Lisa Yang, has been targeting income generation and capital appreciation through investments in companies with robust ESG metrics.

The strategy shift towards ESG integration focuses on selecting attractively valued dividend-paying companies that also meet strict sustainability standards. This approach is designed to capture income while fostering capital growth by investing in what BlackRock identifies as sustainability enablers.

BlackRock's historical analysis supports the strategy, indicating that value stocks typically outperform growth stocks following a recession. Additionally, quality stocks tend to lead the market after the Federal Reserve implements rate hikes. The fund's managers aim to leverage these trends within the US market to benefit from the expected performance patterns of value and quality equities in such economic conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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