BlackRock institutional liquidity fund reaches €1 billion

The BlackRock institutional euro assets liquidity funds has reached the €€1 billion in assets milestone within one year of its launch in April 2013, as investors look for alternatives sources of return in a low yield environment.

The fund is not rated by credit rating agencies, giving it greater flexibility to seek higher yields than money market funds with an AAA rating. However, BlackRock said the fund has the same robust risk management and investment approach as BlackRock’s rated money market funds. BlackRock head of portfolio management for cash management, Bea Rodriguez, said: “We are living in a world where interest rares and the supply of eligible issuers remain low, and institutions seeking yield are increasingly looking to their investment managers to provide solutions.”