Blackrock launches absolute return strategy
Fund giant Blackrock has launched an absolute return fund to tackle the “interesting times” investors are facing, it announced on Friday.
Fund giant Blackrock has launched an absolute return fund to tackle the “interesting times” investors are facing, it announced on Friday.
An upward trend in interest rates does not automatically equate to negative bond returns, despite the commonly-held market belief that it does, Blackrock has argued.
This was the question posed by KPMG researchers for Blackrock who asked 130 UK financial advisers, wealth managers and private bankers responsible for £4.5 trillion of client assets.
Canada Life has expanded its multi-asset range with the launch of five life and pension funds to complement its active range and make its first large-scale push into passive funds.
While Fundsmith Equity, Woodford Income and Lindsell Train Global were the most popular funds in September, Vanguard “muscled its way in to the top five”, according to Interactive Investor.
Thailand’s Kasikornbank (KBank) has teamed up with Blackrock to launch the Kasikorn Equity Absolute Return Fund.
August was a hot month for momentum ETFs. The equity funds which track shares doing well in the stock market saw record inflows of $300m (€250m) from European investors, Blackrock reported.
US asset manager BlackRock has unveiled a diversified commodities exchange traded fund (ETF) with a total expense ratio of 0.19% as part of its iShares range of passive index trackers.
‘Lower for longer’ has become the typical characterisation of central banks’ interest rate policy. But it could also be applied to volatility, believes Blackrock.
BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.
Wealth managers traditionally allocate meagre chunks of their portfolios to passive, but with assets in exchange-traded funds passing the $4trn (£3.2trn, €3.6trn) mark globally last month, that could be set to change.
BlackRock has acquired a significant minority stake in digital investment manager Scalable Capital.