Will there be new opportunities for ASB investors?
Our BlackRock partnership gives us scope to expand your investment options.
Once the new partnership has settled in, we expect to draw on BlackRock's expertise to expand our investment products and information services. For example:
- Looking at more growth asset-focused investment options.
- We already have a Positive Impact Fund. With BlackRock's focus on strong governance and environment responsibility, we look forward to exploring options to expand our positive impact investments, so you can invest for your own goals, as well as in the changes you want to see in the world.
- We will give you access to BlackRock's leading content and research material from across the globe.
We're looking forward to our new partnership and delivering even better investment outcomes and options for you. If you'd like to know more, contact your ASB Wealth Advisor or Private Banker, or call our Wealth team on 0800 272 738.
The agreement with BlackRock will be in place from 19th July and follows a global search process that was kicked off by ASB in late 2019.
To find out more about our partnership with BlackRock listen to our latest ASB Investment Podcast episode, available on Spotify or Apple Podcasts or click here.
*For example, its Tactical Growth Fund has performed in the top ten percent of its peers on a 10-year basis. Performance is for the ten years ended 31 January 2020 and assessed against MorningStar's database of multi-sector growth funds. Note this is an Australian based fund available to wholesale customers.
BlackRock Investment Management (Australia) Limited is a wholly-owned subsidiary of BlackRock, Inc. BlackRock, Inc is based in the US and is a leading global provider of investment management services with over US$9.01 trillion in assets under management as at 31 March 2021.
ASB Portfolio Series is a discretionary investment management service provided by ASB Bank Limited. For more information see the ASB Portfolio Series Service Disclosure Statement available from your Wealth Manager.
Interests in the ASB KiwiSaver Scheme and ASB Investment Funds (Schemes) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides administration and distribution services for the Schemes. No person guarantees interests in the Schemes. Interests in the Schemes are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement or the ASB Investment Funds Product Disclosure Statement available from this website and the register of offers of financial products at disclose-register.companiesoffice.govt.nz (search for ASB).