BlackRock launches new funds
BlackRock Australia has launched two new funds and has begun marketing them via a national roadshow.
They are BlackRock Australian Equity Opportunities Fund (BAEOF) and BlackRock Australian Equity Absolute Return Fund (BAEAR), which are directly targeted at financial advisers and aim to achieve high returns by employing long/short investment strategies.
Commenting on the new products at the launch of the national roadshow, BlackRock Australian Scientific Active Equities head Michael McCorry claimed traditional investment approaches might not deliver the returns clients are seeking.
"It is unlikely we will see a return to the highly liquid, low volatility market conditions experienced before the global financial crisis. We have entered into a new age of investing and it is time for new investment thinking," he said.
The BAEOF aims to deliver returns that are 8 per cent a year above the S&P/ASX 200 Accumulation Index (before fees) over rolling 3-year periods.
The BAEAR aims to deliver returns that are 8 per cent a year above the RBA Cash Rate Target (before fees) over a rolling 3-year period.
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