View more on these topics

BlackRock may look offshore for UK fund ideas

BlackRock managing director Alex Hoctor-Duncan says the group could look to its offshore range for new additions to its UK offering.

The firm’s BlackRock global funds range currently stands at around £47.6bn, including its £7.5bn world mining fund.

BlackRock has recently announced the launch of its China fund under the management of Jing Ning and Alan Wang, based in Hong Kong. The fund sits in the BGF range, with UK distributor status.

Hoctor-Duncan says: “We have only launched three unit trusts in the UK space in the past few years, with UK absolute alpha, UK dynamic and total return. However, the UK range has been largely untouched since we did some housekeeping on the range in the early part of the decade.

“Now we need to look at where to add to that and a logical decision is in the offshore space where we have this capability.

“We need to look at funds and say do they need more than just a UK distributor share class? Alternatives like agriculture look attractive but nothing is concrete.”

Hargreaves Lansdown senior analyst Meera Patel says: “Given the capacity of someone like BlackRock, it could bring a number of strong funds into the UK market that would benefit IFAs.”

Recommended

Broker Talkback

Is the Association of Mortgage Intermediaries right to be concerned about mortgage brokers selling guaranteed investment products to their clients?Yes 88%No 12% Yes “It is worrying. I am not sure it is right for mortgage brokers to sell investment products.”Malcolm Hooper, IFAS Yes “Brokers do not have the regulations and experience needed for this type […]

Valuable lessons

Speaking at the Investment Management Association’s annual dinner last month, IMA Chairman Robert Jenkins told the investment management industry and its guests that even though the credit crunch was not | yet over, it was not too soon for all those caught up in it to learn a few lessons.

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

Read more


Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com