Coinspeaker
BlackRock Adds Bitcoin to Global Allocation Fund
Globally-renowned asset manager BlackRock (NYSE: BLK) has added Bitcoin (BTC) to its global allocation fund. Reports state that ordinary and passive investors can now gain BTC exposure via the BlackRock Global Allocation Fund. The highly coveted fund invests globally in both corporate and government-issued equity, debt, and short-term securities.
BlackRock’s Global Allocation Fund executes these investments without any prescribed limits. In addition, the fund looks to invest no less than 70% of its total assets in these securities of corporate and government issuers. Yet still, the fund could also choose to invest in the equity securities of minor and emerging growth companies. However, the BlackRock Global Allocation Fund demonstrates diverseness by investing a portion of its high-yield fixed-income transferable securities in its debt portfolio. Moreover, currency exposure is also flexibly managed.
Bitcoin Addition Could
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