BlackRock Asset Management Canada has unveiled a new series of balanced mutual funds, BlackRock Strategic Portfolio Series built with iShares ETFs, which are designed to provide advisors and investors with alternative investment strategies.
Apart from expanding BlackRock’s portfolio of financial products, the new strategy will accomodate the growing needs of investors in Canada.
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The BlackRock Strategic Portfolio Series is competitively priced, with management expense ratios (MERs) ranging from 0.09 – 0.75%, which is less than the respective fund’s corresponding category asset-weighted average.
The new portfolios series consists of seven allocation funds across income or risk/return-oriented outcome including the BlackRock Diversified Monthly Income Portfolio, BlackRock All Bond Portfolio, BlackRock Defensive Portfolio, BlackRock Conservative Portfolio, BlackRock Balanced Portfolio, BlackRock Growth Portfolio and BlackRock Max Growth Portfolio.
All the funds will invest directly in securities and provide income as well as capital growth by investing primarily in iShares exchange traded funds that are managed by BlackRock Canada.
Noel Archard, managing director, head of BlackRock Canada, said:"As advisors and investors continue to face increasing pressures from ongoing market uncertainty and an ever-evolving investment landscape, including regulatory change, our Strategic Portfolios will provide the answer they need: greater value."
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By GlobalDataMary Anne Wiley, managing director, head of iShares, BlackRock Canada, said: "This new suite of mutual funds will change the way people think about investing and put the emphasis on the asset allocation mix versus that of single stock or manager selection."
"Our ability to package our asset allocation expertise with our industry-leading iShares ETFs enables us to become the "go-to" solutions provider for Canadian investors," added Wiley.
