BlackRock Advantage Hedged International Equity Fund
About this Fund
|FUND MANAGER||BlackRock Investment Management (Australia)|
|ASSET CLASS||GLOBAL EQUITIES|
The Fund’s investment strategy aims to remain fully exposed to the international developed stock market, with cash exposure being maintained to a minimum, which may be, where practicable, equitised using index futures.
|INVESTMENT PROFILE||The Fund aims to outperform the Benchmark by 2% p.a. over rolling 3-year periods (net of fees and before the cost of hedging), while maintaining a similar level of investment risk.|
|BENCHMARK||MSCI World ex-Australia Net TR Index (hedged in AUD)|
|FUND SIZE||MSCI World ex-Australia Net TR Index (hedged in AUD)|
|NO. OF HOLDINGS|
Benefits of investing in the BlackRock Advantage Hedged International Equity Fund
This product is likely to be appropriate for a consumer as a satellite allocation, seeking capital growth with a high to very high risk/return profile. Advised consumers only.
About the Fund
The Fund aims to outperform the MSCI World ex-Australia Net TR Index (hedged in AUD) (Benchmark) by 2% p.a. over rolling 3- year periods (net of fees and before the cost of hedging), while maintaining a similar level of investment risk to the Benchmark.
Our investment style is based on our belief that people, leveraged by technology, are central to the consistent achievement of our clients' investment goals. A single, global investment philosophy unites all BlackRock systematic (quantitative) investment strategies. Knowledgeable investment people leveraging their skills through the extensive use of technology is a hallmark of our systematic investment approach.
We believe that a focus on total performance management is the best way to achieve superior investment results. Through total performance management, we aim to understand; measure; forecast; and manage the three dimensions of investment performance â€” return, risk and cost.
The Fund's investment strategy aims to remain fully exposed to the international developed stock market, with cash exposure being maintained to a minimum, which may be, where practicable, equitised using index futures.
The Fund and Underlying Fund may also hold a small allocation of cash (or cash equivalents that may include units in other BlackRock funds) for cash flow management purposes.
How we invest your money
The Fund's research driven investment process utilises a combination of active stock selection strategies across international developed markets that aim for the best trade-off between returns, risk and costs. The investment ideas blend local investment insights, cross-border insights, macro- economic insights and short-term drivers of stock returns and are grouped into three broad areas:
Investment risk is managed by diversifying across many countries and currencies, and by holding the stocks of a large number of companies within each country.
To achieve its investment objective the Fund invests in the BlackRock Advantage International Equity Fund (Underlying Fund), another fund managed by us that has the same (unhedged) investment strategy as the Fund. The Fund also invests in currency forward contacts, which are used to implement the passive currency hedge. The Underlying Fund gains exposure to the international developed market stocks that form the Benchmark.