BlackRock trust will shift to sustainable strategy after 178% growth in 10 years

The trust has returned 178.1% since its launch almost ten years ago. The board is now proposing an overhaul that will see the strategy focus on sustainability and target a larger proportion of mid-cap companies. It is also looking to remove the trust's sole focus on large-cap companies in order to give the managers greater flexibility. The mid-cap companies that the trust will invest in will still be substantial enterprises, however. With more than 85% of them having market caps in excess of $10bn. The board wants to reduce the number of holdings to between 30 and 60 stocks, from the ...