BlackRock, Inc. has announced the launch of a closed ended equity mutual fund known as the BlackRock Utility, Infrastructure & Power Opportunities Trust. The fund, which is managed by BlackRock Advisors, LLC, is set to invest in public equity markets globally, with a focus on companies operating in the utilities and infrastructure sectors. The fund's investment strategy spans diversified market capitalizations and will also utilize derivatives, with an emphasis on option writing. Formerly known as BlackRock Utility and Infrastructure Trust, the BlackRock Utility, Infrastructure & Power Opportunities Trust was established on November 22, 2011, and is based in the United States.