BlackRock Concentrated Industrial Share Fund has been awarded a “Recommended” rating by Zenith Investment Partners and was added to the BT Wrap and Asgard eWrap platforms on 8 July 2016.
The Fund aims to outperform the S&P/ASX 300 Industrials Accumulation Index – excluding the top five stocks by market capitalisation – by between 4% to 6% a year before fees over rolling three-year periods.
The rating news suggests Zenith views the Fund as a strong investment within its asset class and included the fact it is managed by BlackRock’s Sydney-based Australian Fundamental Active Equity (FAE) team. This is led by Charlie Lanchester, who holds more than 22 years’ investment management experience.
Zenith said: “Although the team and strategy is relatively new for BlackRock, Zenith believes the Fund is managed by an experienced investment team utilising a well-established investment process. Zenith holds a positive view on BlackRock’s portfolio construction process, as we believe it is structured to ensure a close connection between analyst research and the final portfolio.”
Lanchester said: “The team employs a fundamentals-driven, bottom-up research methodology to identify investment opportunities in domestically-listed industrial securities. We follow a disciplined investment process with high-conviction ideas, concentrating on 20-40 stocks.”
Iris Davila, a Director of BlackRock’s Wealth Advisory business, said: “The Zenith rating, coupled with the BT Wrap and Asgard eWrap exposure, will provide a good number of advisers with early access to a new Australian equity offering.”
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At March 31, 2016, BlackRock’s AUM was $4.737 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of March 31, 2016, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com
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The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned July 2016) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines.