BlackRock’s concentrated industrial share fund has been added to the BT Wrap and Asgard eWrap platforms, so advisers have early access to a new Australian equity offering, according to the manager.
The fund was developed to outperform the S&P/ASX 300 industrials accumulation index and excluded the top five stocks by market capitalisation (between four to six per cent a year before fees, over three rolling year periods).
The fund was led by BlackRock’s Sydney-based Australian fundamental active equity team, headed by Charlie Lanchester, who had over 22 years investment management experience.
Lanchester said the team employed a fundamentals-driven, bottom-up research methodology that identified opportunities in industrials stocks, listed on the Australian Stock Exchange.
“We follow a disciplined investment process with high-conviction ideas, concentrating on 20 to 40 stocks,” he said.
The fund was also awarded a ‘recommended’ rating by Zenith Investment Partners, as the ratings house believed the fund was managed by an experienced investment team who used a well-established investment process.
Zenith had a positive view of BlackRock’s portfolio construction process, as it believed the final portfolio was built with a close connection to the analysts’ research.
