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
Insignia Financial has reported net inflows of $448 million into its asset management division in the latest quarter, as well as popularity from advisers for its MLC managed accounts.
Two Australian active fund managers have been singled out by Morningstar for their ability to achieve consistent performance and share price growth in the past 12 months.
Pinnacle Investment Management has expanded its private market coverage, forging a strategic partnership with a private markets manager via a 13 per cent stake acquisition.
Active fund managers without a strong distribution platform will be “left behind”, believes Magellan, as it pivots its business away from being a traditional asset manager.
