Global expertise and a faster approach to managing your investments
We have recently brought on board BlackRock Investment Management (Australia) Limited, a subsidiary of the world's largest asset management firm, BlackRock Inc., to manage our investments but what does it mean for investors?
Until now, BlackRock has been an "underlying investment manager", but we are expanding the scope of their role. A key difference is BlackRock will make decisions on the two things we believe are most important for your returns: asset allocation and currency decisions.
The most important thing to understand is that this new approach will allow us to be more responsive to the market. Previously we have reviewed our asset allocation and currency positions every quarter, but under the new partnership, BlackRock will look to adjust in real time, in response to changes in the market. This responsiveness will hopefully have a big impact on our long-term investment performance.
To find out more about our partnership with BlackRock listen to our latest ASB Investment Podcast episode, available on Spotify or Apple Podcasts or visit the ASB website.