Was geschieht bei spontanen Ereignissen oder Erkenntnissen?

We do not ethically screen the stocks, so this is not applicable. If the investment case of a company changes, the managers will take action as appropriate – please see the answer to question 21 for some examples of our sell criteria.

Wie flexibel können Sie mit dem Fonds in Krisenzeiten reagieren?

The fund’s mandate is very flexible, with no geographic or market cap restrictions. The fund is subject to UCITS liquidity regulations, allowing the managers to move the portfolio around should the need emerge. In a period of stock market weakness and volatility, we would aim to move the portfolio into the more defensive names within the sector and avoid some of the higher risk and smaller cap areas.

Sind Absicherungsstrategien für Krisenzeiten möglich?

We do not typically employ hedging strategies in this portfolio.

In welchem Unfang kann die Cash-Quote erhöht werden?

The fund’s normal cash quota is between 1-10%.
The maximum cash position this UCITS fund can hold as per Luxembourg regulations is 49%.
However, as per the investment objective of the fund, we must have at least 70% of the fund invested, implying a 30% limit.

In welche Assets kann der Fonds investieren?

This fund predominantly holds equity securities of companies related to the New Energy sector.

Was tun Sie als (Fonds-) Gesellschaft intern im Bereich Umweltschutz?

BlackRock does have an SRI committee but this does not drive investment decisions on the BGF New Energy Fund.

Welche Aktivitäten ergreifen Sie bisher, um Ihren Einfluss im Bereich Nachhaltigkeit als Investor auszuüben?

As per the above, the BGF New Energy Fund does not have an SRI stance. This is distinct from BlackRock who do have a dedicated SRI element.

Welche Möglichkeiten sehen Sie, über Ihr investiertes Kapital Druck auf Unternehmen auszuüben, um diese zu nachhaltigerem Wirtschaften anzuregen?

n/a

Bitte nennen Sie uns drei Gründe, weshalb Anleger in Ihren Fonds investieren sollten anstatt in ein Konkurrenzprodukt.

Long track record with a highly experienced team investing in this specialist niche sector since 1999.
A flexible investment mandate that allows the managers to invest without geographic, subsector or market cap restrictions – building a portfolio that reflects the New Energy market as they see it today.
The extraordinary resources and support from BlackRock that allow the team to perform in-depth research concentrating only on the energy sector. The managers conduct meetings with company management and government officials, attend investment and industry conferences, and often visit company operations in their bid to understand the sector and its constituent companies.