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TAP INTO GROWTH

BlackRock Global Unconstrained Equity Fund

Invests selectively in exceptional companies, seeking to deliver long-term outperformance and growth.

Great businesses dominate over decades not quarters. That is why it might be wise to look beyond the market noise, and zoom in on company fundamentals, when you are investing for the long-term.

Watch the video to find out how unconstrained equity investing can help generate long-term capital growth through identifying companies with high potential for sustainable returns.

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Over the years we’ve seen the investment landscape evolve dramatically. The industry has tied itself in knots trying to make something which, at its heart should be quite straightforward, into something of astonishing complexity.

They’re trying to solve for multiple competing issues, attempting to deliver consistent alpha while also ensuring acceptable performance volatility relative to a benchmark on a quarterly or annual basis. In order to do this, investors then have to trade frequently to time economic cycles, changes in bond yields, and so on - all within statistical risk parameters. The chances of a misstep whilst trying to juggle these competing factors is astonishingly high. The greatest threat to any portfolio is the risk of being repeatedly whipsawed, and it’s precisely this that leads to so many investors buying high and selling low.

How about we simply redefine our opportunity set and just invest all our capital in the world’s best companies and then leave it there for years, and years, and years. And that’s what the global unconstrained equity fund is. We invest all the assets into those few extraordinary companies that are both great now, and which we believe are highly likely to still be great in 10 years time.

So, if long-term capital growth is the primary objective, then we should just focus on that, and ignore all the noise. We start by completely ignoring the benchmark and then - build a portfolio which adheres to the following objectives:
 - Identify the rare companies that we believe have a very high likelihood of sustaining high returns for a decade and longer.
 - Select a small number of them in a concentrated portfolio to maximise their impact.
 - Hold them for a long time and allow them to compound for years and years.

This is what we mean by unconstrained investing. It’s a deeply fundamental, extremely simple approach designed for optimists who believe that the extraordinary opportunity set offered by equity markets could offer something better than benchmark returns. We therefore aim to invest in the winners. 

Over the years we’ve seen the investment landscape evolve dramatically. The industry has tied itself in knots trying to make something which, at its heart should be quite straightforward, into something of astonishing complexity.

They’re trying to solve for multiple competing issues, attempting to deliver consistent alpha while also ensuring acceptable performance volatility relative to a benchmark on a quarterly or annual basis. In order to do this, investors then have to trade frequently to time economic cycles, changes in bond yields, and so on - all within statistical risk parameters. The chances of a misstep whilst trying to juggle these competing factors is astonishingly high. The greatest threat to any portfolio is the risk of being repeatedly whipsawed, and it’s precisely this that leads to so many investors buying high and selling low.

How about we simply redefine our opportunity set and just invest all our capital in the world’s best companies and then leave it there for years, and years, and years. And that’s what the global unconstrained equity fund is. We invest all the assets into those few extraordinary companies that are both great now, and which we believe are highly likely to still be great in 10 years time.

So, if long-term capital growth is the primary objective, then we should just focus on that, and ignore all the noise. We start by completely ignoring the benchmark and then - build a portfolio which adheres to the following objectives:
 - Identify the rare companies that we believe have a very high likelihood of sustaining high returns for a decade and longer.
 - Select a small number of them in a concentrated portfolio to maximise their impact.
 - Hold them for a long time and allow them to compound for years and years.

This is what we mean by unconstrained investing. It’s a deeply fundamental, extremely simple approach designed for optimists who believe that the extraordinary opportunity set offered by equity markets could offer something better than benchmark returns. We therefore aim to invest in the winners. 

Why unconstrained

  • 01

    Benchmark-agnostic

    We avoid being constrained by artificial benchmarks that do not accurately reflect the divergence that’s seen between high and low growth businesses in today’s environment.

  • 02

    Fundamental focus

    Rather than looking at factors, sector weights, country weights or near-term prospects, we focus on a company’s franchise strength and the scale of its reinvestment opportunity, which determine their long-term performance.

  • 03

    Long-term approach

    We aim to give our investments the time to compound their returns while avoiding distraction of short-term opportunism.

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A fresh approach to outperformance and growth

A concentrated, long-term portfolio investing in a small number of companies that can sustain and compound strong returns over long periods of time.

The fund seeks to:

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Identify the rare companies that can sustain high returns for a decade
Target
Select a small number of them to maximise their stock specific impact
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Allow time for companies to compound their earnings

An award-winning solution

BlackRock has been recognised as Best Fund Provider - New Fund Equity1 for the BlackRock Global Unconstrained Equity Fund.


2025 Asian Private Banker Award 2025 Best Fund Provider New Fund Equity

Fund performance