BlackRock Balanced Growth Portfolio
|Bid Price||GBX 115.10||Offer Price||GBX 121.40|
|Mid Price||-||Day Change||GBX +1.00 (0.88%)|
|Price Date||7 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||2.72 %|
|Total Expense Ratio||0.00||Fund Size||173,131,972.06|
|Launch Date||01/02/1989||Standard Initial Charge (%)||5.00|
|Annual Management Charge (%)||0.67||Sector||IMA UK Equity Income|
|Min Investment (£)||50,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BK1PJY07||Min TopUp (£)||100.00|
The Fund aims to achieve capital growth on your investment as well as the generation of some income, where market conditions allow. The Fund may invest in shares, fixed income securities, money-market instruments, funds and cash. The fixed income securities and moneymarket instruments will be issued by governments, government agencies, companies and supranationals. The Fund will invest in the full range of fixed income securities and moneymarket instruments which may include investments with a relatively low credit rating or which are unrated. Investment may be made globally in any and all economic sectors, although under normal market conditions, there will be an emphasis on the United Kingdom. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Andy Warwick, CFA, Managing Director and portfolio manager, is a member of the Diversified Strategies team within BlackRock's Multi-Asset Strategies (MAS) group, which is responsible for developing, assembling and managing investment strategies involving multiple asset classes. Within Diversified Strategies he is lead portfolio manager for Dynamic Return Strategy (DRS) and a portfolio manager for Dynamic Diversified Growth (DDG). Mr Warwick also has responsibility for the management of a number of retail portfolios including the BGF Flexible Multi-Asset Fund and is also responsible for derivative implementation and structured product strategies for the team. Mr. Warwick's service with the firm dates back to 2005, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to MLIM he worked with Mako Global Derivatives and Dalton Strategic Partnership from 2002-2005. Mr Warwick initially worked for MLIM from 1993-2002 as a manager for MLIM's unit trusts before joining the quantitative and derivatives team as a portfolio manager and equity derivatives head trader in 1997. He was subsequently co-portfolio manager of MLIM's first hedge fund, the Mercury Equity Arbitrage Fund. Mr. Warwick earned a MSc in Finance from the University of Leicester in 2007.