BlackRock has rolled out a new absolute return multi-asset fund, which will focus on factor investing to drive returns.
Called BlackRock Strategic Funds (BSF) Style Advantage, the new fund will be managed by BlackRock’s factor-based strategies group, led by Ked Hogan, chief investment officer.
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The fund will invest across multiple asset classes using value, momentum, quality, volatility and carry factors.
The fund will apply these strategies through a portfolio of long and short positions comprising of over 2,500 securities across equities, fixed income, commodities and currencies.
The fund will carry an ongoing charge fee (OCF) of 1.38% and annual management charge of 0.9% with a minimum investment of $100,000.
BlackRock head of EMEA retail Alex Hoctor-Duncan said: "This fund could be an effective diversifier for investors with different target outcomes, including asset allocators looking to build versatile portfolios for their clients.
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By GlobalData"The return potential of style strategies has been supported by academic research and investment practice, and, at BlackRock, style investing has been an important driver for our clients’ equity and fixed income portfolios for years.
"This fund reflects our firm’s best thinking in this area, applying insights across a wide range of liquid asset classes in the pursuit of consistent absolute returns."
Blackrock currently manages approximately $125bn in factor-based and smart beta strategies across equities, fixed income, commodities, and alternatives.
