Quintet Private Bank, the parent of Brown Shipley, has launched the first in a series of multi-manager funds put together in collaboration with BlackRock.
This follows the signing of a cooperation agreement between the two firms in 2023.
The first fund in the range is QMM Actively Managed US Equity. The offering aims to outperform its benchmark by combining actively managed US equities strategies of different styles. It is dollar denominated.
The fund incorporates environmental, social and governance considerations in line with Quintet’s sustainable investment policy. Quintet will use BlackRock’s Aladdin tool for risk analytics and reporting.
Three additional multi-manager funds will be launched by the end of May 2024 covering global high-yield bonds, European equities and global investment-grade corporate bonds. The range will only be available to Quintet and Brown Shipley clients.
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Bryan Crawford, Quintet Group’s head of investment and client solutions, said: “We are delighted to announce the launch of the first fund in collaboration with BlackRock, reflecting our ability to deliver robust client outcomes, superior client experience and ongoing investment innovation.
“As we look ahead to the launch of additional funds with BlackRock, we are excited about providing our clients with access to an even broader universe of investment opportunities.”
Bettina Mazzocchi, co-head of wealth solutions EMEA at BlackRock, added: “Each of the funds has been tailored to meet the needs of Quintet’s clients and draws upon BlackRock’s investment expertise and the strength of our risk-management platform to drive product and portfolio innovation.”
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