View more on these topics

BlackRock’s sleeping dog could take lead

BlackRock managing director Alex Hoctor-Duncan says the firm’s UK equity income fund is the sleeping dog of the sector.

He says the fund, which is managed by Nick McLeod-Clarke, is starting to gather a big following in the IFA market and is producing results that indicate it can challenge some of the leaders in the sector.

McLeod-Clarke took on the £200m fund in February 2007 and it is top-quartile over one, three and five years, according to Morningstar.

Hoctor-Duncan says: “Advisers are starting to notice the sort of figures we are producing on the fund. We took time to get the process right when Nick came in and that decision is now starting to pay off in terms of identifying with IFAs.”

He has also confirmed the firm’s intention to add to its fixed-income range this year. The range consists of a high-income bond, government securities and a global bond fund, so an unconstrained product is believed to the likely addition.

Hoctor-Duncan says: “We intend to be meticulous in our product planning but it will happen this year as the skill set that we have in fixed income is so strong.”

Hargreaves Lansdown investment manager Meera Patel says: “The trouble that BlackRock has is that UK equity income is so competitive. It may be that you need to be top-decile to get noticed.”


FTSE closes below 4,000

The FTSE 100 has closed below 4,000 after mining stocks reined back the index from earlier gains made in the banking sector.

Analysis: Japan’s fiscal stimulus

The Japanese government has pledged to pump the equivalent of 2% of the country’s GDP into its slowing economy.The cash injection would total more than ¥10 trillion (£66 billion) as Japan’s GDP is worth about ¥540 trillion. The stimulus package, aiming to combat effects of the recession, would be the largest in Japan’s history and […]

10 Years of isas

Isas are 10 years old this year but rather than reaching the anniversary in rude health, commentators say the products are in need of a revamp if declining sales are to revive.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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