BlackRock Announces Changes to BlackRock Innovation and Growth Term Trust (BIGZ)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2025
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Source: Newsfilter
Investment Policy Changes: BlackRock Innovation and Growth Term Trust has approved changes to its investment policies, including a new policy to invest at least 80% of assets in technology and privately held companies, and plans to change its name to "BlackRock Technology and Private Equity Term Trust" with a new ticker symbol "BTX."
Management Transition: The Trust will replace its current portfolio management team with Tony Kim and Reid Menge effective February 20, 2025, while seeking shareholder approval for certain changes related to industry concentration and diversification status.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
