BlackRock is overhauling its Portfolio fund range in a drive to remain competitive, bolster performa...
BlackRock is overhauling its Portfolio fund range in a drive to remain competitive, bolster performance and realign the funds with advisers' interests. The changes will see three funds - Balanced Portfolio, Growth Portfolio and Income Portfolio - adopt Ucits III powers, implement name changes and switch IMA sectors, pending trade body approval. Managing director retail Tony Stenning says: "When we launched these funds they were innovative - the best of Mercury, as we were known then, on offer to private clients. Since then, we have been copied a lot in the markets but we have not contin...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
