BlackRock UK Equity I Inc
|Bid Price||GBX 2,024.00||Offer Price||GBX 2,037.00|
|Mid Price||-||Day Change||GBX +5.00 (0.25%)|
|Price Date||26 May 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.32 %|
|Total Expense Ratio||0.52||Fund Size||359,501,600.00|
|Launch Date||15/10/1971||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.50||Sector||IMA UK Equity Income|
|Min Investment (£)||5,000,000.00||Total Expense Ratio (%)||0.52|
|ISIN||GB0005803316||Min TopUp (£)||0.00|
The BlackRock UK Equity Fund aims to maximise the total return to investors from a combination of capital growth and income by investing largely in the ordinary shares of United Kingdom companies in any and all economic sectors. The Fund is intended for investment by bodies such as pension funds. The Fund may also invest in collective investment schemes.
Nick McLeod-Clarke, Managing Director and portfolio manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Portfolio Management Group. Nick is co-head of the UK Income Fund and is responsible for managing UK equity portfolios for retail and institutional clients. Mr McLeod-Clarke's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM in 2001, Mr. McLeod-Clarke was co-head of UK Equities at Morley Fund Management, and head of Institutional Funds-UK Equities at Scottish Widows Investment Partnership. Mr. McLeod-Clarke earned a BA in Economics at University College Swansea in 1986, and an MSc in Finance from the London Business School in 1999.