BlackRock expands its Target Maturity range with the launch of two new outcome-oriented funds
27 MAY, 2026
By Joanna Piwko from RankiaPro Europe
BlackRock has announced the launch of two new investment strategies aimed at the European market: the BGF Euro Income Fixed Maturity Fund 2031 and the BGF Step Into Equity High Income Fund 2030. Both vehicles are integrated into the manager's Target Maturity platform, which already exceeds 3.7 billion dollars in assets under management, and respond to the growing demand for investment solutions aimed at specific objectives, such as the generation of regular income or progressive access to growth assets.
The initiative reflects the rise of so-called outcome-oriented investment, a trend that is gaining ground among savers looking for clarity, simplicity and greater confidence when planning their long-term financial goals. Both funds combine active management with income generation, and are designed to help investors make the leap from liquidity positions to fixed income and equity markets in a structured and disciplined way.
A fixed income fund to capture current high yields
The BGF Euro Income Fixed Maturity Fund 2031 aims to offer attractive income over a defined investment period of four years, while seeking to reduce credit risk and volatility. The strategy aims to lock in the high yields currently available in the market through a diversified portfolio, anchored mainly in high credit quality public debt bonds.
With investment grade rating (investment grade), the fund seeks the optimal balance between income generation and prudent risk management. To generate additional income, the management team incorporates a careful selection of credit exposure through credit default swaps (CDS, for its acronym in English).
The vehicle relies on BlackRock's European Leveraged Finance platform—which manages approximately 23 billion dollars in European credit—and is integrated into the manager's global active fixed income platform, with more than 1.2 trillion dollars under management. The team combines bottom-up fundamental analysis and active risk oversight to manage credit, liquidity and volatility risks throughout the fund's life cycle, from the pre-investment period to its maturity in 2031.
In the current environment, clients want income, but also a clear investment horizon and a disciplined approach to risk. This strategy aims to offer attractive returns through a diversified and actively managed credit portfolio, with a maturity profile aligned with the average duration of the underlying asset class.
Jose Aguilar, Head of European Credit and co-manager of the fund, BlackRock
A gradual transition towards equities for cautious investors
The BGF Step Into Equity High Income Fund 2030 is designed for those investors who wish to make the transition from cash or fixed income positions to equity markets in a progressive and structured way, without giving up attractive levels of income during the process.
The fund starts with a 100% allocation in an actively managed fixed income strategy aimed at generating income, to gradually increase its exposure to global dividend-generating equities over a four-year life cycle that will conclude around 2030. The strategy is dynamically managed to take advantage of opportunities that arise in volatile environments, with the aim of generating attractive income at all times.
Many investors want to participate in the long-term profitability potential of equities, but are reluctant to commit capital all at once. This strategy leverages the full breadth of BlackRock's investment platform—from global fixed income and multi-asset management to systematic equities—all managed within a single risk framework. Through an active and disciplined management approach, the fund seeks to generate income while facilitating a smoother transition to equities over time.
Adam Ryan, Head of the Diversified Strategies team and co-manager of the fund, BlackRock
The fund is managed by BlackRock's Multi-Asset team, in collaboration with the Fundamental Fixed Income and Systematic Equity teams, and is backed by more than 800 investment professionals integrated into a single risk platform.
