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What's New In Investments, Funds? - Blackrock, VIA AM, Others

Robbie Lawther

2 February 2018

BlackRock
Global asset management firm , the global investment manager, has launched the UK Equity Impact – Employment Opportunities Fund, in collaboration with Big Issue Invest, the social investment arm of The Big Issue.

The fund will be managed by Lesley Duncan, investment director at Aberdeen Standard Investments.

The aim of the fund is to generate a financial return over the long term by investing in companies which promote and implement good employment opportunities and practices. Generally companies will have more than 50 per cent of their employees in the UK.

The impact criteria will typically include companies paying above average wage rates, being located in deprived areas, offering training opportunities and/or employing young people with the majority of those being in the UK.