Blackrock unveils cautious multi-asset fund

Fund has risk level equal to or lower than a 70% bonds and 30% equities benchmark

UK asset managers look after more assets than Germany, France and Switzerland combined

The exclusion will include thermal coal, tobacco, chemical, biological and white phosphorus weapons

Move comes after passive flows into IA Global EM sector hit £83m in Q1

Investors will be able to gauge climate risk in their portfolio if global temperatures continue to rise

Investment