BlackRock Australia has announced the launch of BlackRock Active Multi-Asset Model Portfolios (“Active Model Portfolios”) to broaden its managed accounts offering to meet the evolving needs of Australian advisers and investors. They are built and actively managed by BlackRock’s Multi-Asset Strategies and Solutions (MASS) team, who have a 32-year track record of managing multi-asset portfolios in Australia.[1]
These Active Model Portfolios are available on Hub24. They offer three risk profiles: Balanced, Growth, and Aggressive, to align with advisers and investors’ individual investment preferences and risk tolerance. The portfolios are competitively priced, at an all-in SMA fee of 0.74%-0.85% p.a. across the risk profiles (excluding platform administration fee)[2].
These Active Models Portfolios are designed to provide advisers with access to BlackRock’s global active investment capabilities within the efficiencies of a managed account structure. They aim to blend a diversified selection[3] of BlackRock’s strategies, both active and index, across various asset classes, including equities, fixed income, multi-asset, property, infrastructure, commodities, and liquid alternatives to deliver differentiated returns. The Active Model Portfolios benefit from the firm’s risk management technology, Aladdin[4], which enables continuous monitoring for alpha and portfolio outcomes.
Chantal Giles, Head of Wealth, 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 (SAA) approach to model portfolio construction, drawing on the experience of our long-standing 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. Ultimately, this supports Australian advisers to deliver multi-asset investment solutions that align with their clients’ specific risk/return investment goals.”
Katie Petering, Head of Multi-Asset Investment Strategy, BlackRock Australasia, said, “The launch of the BlackRock Active Multi-Asset Model Portfolios is a natural next step for our models business in Australia, aligning with the growing adviser demand for alpha-seeking strategies.
“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. 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 well-being.”
Established in 1992[5], BlackRock’s MASS team today has over A$63 billion in assets under management[6] across its diversified funds range, model portfolios, absolute return strategies, and custom mandates.
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