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.”
