This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Investments

BlackRock tracker inflows double to £1.35bn

  • Print
  • Comment

BlackRock has doubled inflows into its index tracker funds in the last 12 months to £1.35bn.

Speaking at the Money Marketing Investment Summit last week, managing director Mark Elliott said £800m has flowed into the funds in the last six months, during which time the firm has launched three tracker funds, bringing the total to 12.

He said: “We are seeing more demand for passive funds as people become aware that simple, cheap solutions are effective.”

The IMA recorded inflows into passive funds of £1.2bn in 2010, compared to £406m in 2009.In the first quarter of this year, inflows totalled £824m compared with £130m in Q1 2010.

Eliott said competition is increasingly fierce in the passive sector and scale is crucial to differentiate firms.

He added that as demand for passive products grows, passive offerings will broaden out into more specialist indices, such as the smaller companies index.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments