BlackRock has launched a new range of portfolios, MyMap, which are designed to help investors achieve their financial goals through simple, cost-effective funds matched to their risk appetite.
The portfolios, built using iShares index funds, are actively managed and rebalanced on a quarterly basis to meet the demands of the changing financial environment - combining the benefits of both lower-costs with the insight and experience of BlackRock's fund managers.
The new range addresses the increasing demand for products which allow investors to take control of their finances and plan for the future. Data from BlackRock's Global Investor Pulse study reveals that two-fifths (39%) of savers would be encouraged to start investing if they felt better able to manage their exposure to risk, while almost a third (31%) would do so if there was a simple, low-cost and time efficient way of doing so.
Pollyanna Harper, head of iShares UK Intermediary Sales at BlackRock said, "Each of us has goals we want to achieve; buying a car, a new house, starting a family, or retiring. However, with other competing demands on our time, creating the space to plan how to fulfil these ambitions can sometimes feel like a challenge in itself. With increasing emphasis on individuals to take control of their finances themselves, it's vital they have access to simple, accessible products which allow them to feel more in control.
"The MyMap range offers investors a solution that allows them to focus on their future - ‘where' they want to get to - with the confidence that our expertise will take care of ‘how' they get there."
The funds, each priced at 17bps, are GBP denominated and include a mixture of stocks and shares, bonds, gold and real estate - with the range offering investors a choice of which fund best matches their risk appetite, time-horizon and financial goal.
The MyMap portfolios will be available through both fund platforms and advisers, offering investors a choice in how they incorporate these into their financial planning.