BlackRock's head of UK retail talks to Anna Fedorova about the group's plans to improve its UK equity offering, his thoughts on fund pricing, and why investors should be building mixed portfolios to help their money grow.
Although BlackRock is one of the largest asset managers in the world, the performance of its active funds in the UK has suffered since the financial crisis and consequently it has become better known among fund buyers for its ETFs, offered through the iShares franchise. The exit of former UK star Mark Lyttleton, and the underperformance of previously popular mandates, led to a decline in the size of BlackRock’s UK equity funds. However, the group is by no means willing to concede defeat and changes made last year are starting to have an impact. Tony Stenning, head of UK retail, talked...
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