BlackRock’s industrial share fund added to BT platforms
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.
Recommended for you
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
Research by Morningstar has found fixed income funds are bucking a general trend around managed fund fee dispersion with a smaller fee dispersion compared to equity ones.