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Blackrock launches two new funds

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By Samantha Hodge
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1 minute read

BlackRock Australia will launch two new funds to advisers - The BlackRock Australian Equity Opportunities Fund (BAEOF) and BlackRock Australian Equity Absolute Return Fund (BAEAR).

BAEOF aims to give returns that are 8 per cent per annum above the S&P/ ASX 200 Accumulation Index (before fees) over rolling three-year periods.
"Relaxing the long-only constraint provides the opportunity to have two sources of return, rather than just one, which is highly important in volatile markets," head of scientific active equities Michael McCorry said.
BAEAR aims to give returns that are 8 per cent per annum above the RBA Cash Rate Target (before fees) over
a rolling three-year period.