BlackRock to revamp strategy on Balanced Income Portfolio

Anna Fedorova
clock

BlackRock is set to overhaul the investment strategy of its Balanced Income portfolio to attract more investors as interest in the product has waned.

The fund, launched in 1994 and repositioned in 2006, has a bias towards UK equities, which the group believes has made it less attractive to investors in recent years. The change of remit will see the UK bias removed and the allocation to equities reduced to provide investors with more diversification in the product. In a letter to shareholders, the group said: "In recent years, whilst the fund has delivered a consistent level of income and reasonable capital return, other funds adopting multi-asset income strategies have proved more attractive to investors and so interest in the fund...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Managed funds

RSMR launches Passive Plus MPS range with five portfolios to market

RSMR launches Passive Plus MPS range with five portfolios to market

'Simplicity' of passives

Hope Coumbe
clock 29 February 2024 • 1 min read
Quilter WealthSelect exits impact EM fund following exclusion breach investigation

Quilter WealthSelect exits impact EM fund following exclusion breach investigation

Part of the portfolio’s sustainable range

Valeria Martinez
clock 04 October 2023 • 3 min read
Partner Insight: Is volatility an advantage for active managers?

Partner Insight: Is volatility an advantage for active managers?

Given their mandate to pick the winners, market volatility is often said to be favourable for actively managed funds. But is this actually the case?

Stephen Lawrence, Head of Indexing Research, Investment Strategy Group, Vanguard
clock 14 August 2023 • 10 min read
Trustpilot