A new partnership between BlackRock's exchange traded funds (ETFs) business iShares and SelfWealth will give self-directed investors the ability to follow and implement model portfolios.
As part of the agreement, SelfWealth's online investment community will be able to view investment portfolios that contain iShares' range of ETFs.
"In practice, this new arrangement gives self-directed investors and their service providers, such as accountants, the rare ability to see what other like-minded investors are doing," Mark Oliver, head of iShares said.
"Having a peer-to-peer benchmark is not only unique it also makes sense in terms of its relevance and appeal."
As part of the Selfwealth system, investors can replicate an aspect of what one of their investment peers are doing by automatically creating the security trades required.
Oliver said the partnership with SelfWealth is aligned with the iShares' core aims of making investing easier and helping investors to build diversified, liquid and flexible portfolios.
"From a SelfWealth perspective, this arrangement adds real value because it provides an easy mechanism for our investment community to take action on the information they share," SelfWealth managing director Andrew Ward said.
