Fund giant BlackRock's first Assessment of Value (AoV) report covering its UK operations has revealed one fund liquidation, fee cuts for two vehicles and "enhanced performance monitoring" established for five underperforming funds.
BlackRock's UK asset manager BlackRock Fund Managers' first AoV, published today (30 October), found that 109 of its 121 funds have delivered value to investors without any action required, while seven funds were found to deliver value but required further improvement measures. Fund managers' AoVs will save investors over £30m - reports Four funds within its range did not have long enough track records and were therefore excluded from the review. BLK Emerging Markets Absolute Alpha fund was liquidated as part of BlackRock's standard fund review process in August 2020, just prior to...
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