BlackRock Australia has expanded its managed account suite with new active multi-asset model portfolios.
Managed by BlackRock’s multi-asset strategies and solutions team, the active model portfolios are available to financial advisers and investors via the HUB24 platform.
They offer three risk profiles to meet investors’ personalised investment preferences and risk tolerance: balanced, growth and aggressive. Fees range from 0.74–0.85 per cent per annum across the risk profiles.
According to the asset manager, the portfolios are constructed to provide advisers with access to BlackRock’s global active investment capabilities through the ease of a managed account structure.
It blends both active and index strategies across several asset classes, such as equities, fixed income, multi-assert, property, infrastructure, commodities and liquid alternatives.
Commenting on the launch, Chantal Giles, head of wealth at BlackRock Australasia, said: “As pioneers of model portfolios in the Australian market, we are continuously looking for ways to grow and evolve the managed accounts industry for the benefit of Australian advisers and their clients.
“Our newly launched active multi-asset model portfolios take a disciplined strategic asset allocation approach to model portfolio construction, drawing on the experience of our longstanding Australian multi-asset team. By providing institutional-quality asset allocation that combines BlackRock’s active, index and liquid alternative strategies, these portfolios provide Australian advisers with diversified exposure to a broad range of asset classes and unique return drivers.”
This will ultimately support Australian advisers to deliver multi-asset investment solutions that align with their clients’ individual risk/return goals, Giles added.
The launch of these portfolios marks the “natural next step” for BlackRock Australia in meeting the rising adviser demand for alpha-seeking strategies, according to Katie Petering, head of multi-asset investment strategy at BlackRock Australasia.
“These active model portfolios are designed to give Australian investors access to BlackRock’s global, institutional-quality active investment capabilities, coupled with the efficiencies of a managed account,” she said.
“Building on the nearly decade-long success with our enhanced strategic model portfolio SMAs, BlackRock is committed to making our active multi-asset investment expertise more accessible to the wealth market. In doing so, we aim to help more and more Australians achieve financial wellbeing.”
BlackRock’s multi-asset strategies and solutions team was established in 1992 and has more than $63 billion in assets under management across its diversified funds range, model portfolios, absolute return strategies and custom mandates.
