BlackRock has introduced Multi-Asset Income Fund (BAICX), which provides a strategy for tapping the opportunities for diversified income around the world, across asset classes and within sectors.
The fund offers an approach for income generation that BlackRock has already implemented for many global institutional investors.
According to the company, the fund, previously named the BlackRock Income Portfolio Fund, has changed by adding flexibility to pursue a broader range of income and return opportunities including alternative sources of income such as MLPs, REITs and other investment instruments.
The fund, which aims to provide less volatility than a traditional balanced portfolio, is managed by a team of portfolio managers from the BlackRock Multi-Asset Client Solutions (BMACS) team.
BMACS US Retail Head Michael Fredericks said that the BlackRock Multi-Asset Income Fund offers a solution, with a highly effective tactical asset allocation strategy that allows them to seek income globally and quickly adjust positions as risk, return and income characteristics change over time.