NAB Private Wealth and BlackRock have teamed up to launch a new “dedicated ETF centre”.
The partnership will see nabtrade and iShares come together to offer a new suite of iShares exchanged traded funds (ETFs) to be available on nabtrade.
BlackRock’s iShares ETFs will include globally diversified and sustainable multi-asset portfolios, while the ETF centre will feature “ETF-related educational content” to help investors looking for “better value and guidance”.
“At NAB Private Wealth, we look to partner with global and local leaders to deliver unique and innovative investment solutions to our clients,” NAB Private Wealth executive, Justin Greiner, said.
“This partnership brought to market through nabtrade and iShares plays to our strategy and provides scope to deepen our relationship with BlackRock across our Private Wealth business.”
BlackRock’s new deputy head of Australasia, Jason Collins, added: “The combined expertise of BlackRock and NAB Private Wealth draws on our global iShares product set paired with local insights to develop funds specifically designed to meet Australian investors’ evolving needs.
“The convenience of ETFs is enabling a new generation to invest. ETFs have helped more Australian investors access diversified exposures and portfolio outcomes, and ultimately pursue their long-term wealth creation and investment goals.
“We look forward to extending our relationship with the NAB Private Wealth team as we broaden our local range of sustainable investment solutions to ensure every Australian investor who seeks to invest more sustainably has a broad choice of cost-effective investment options,” Mr Collins said.
The new range is expected to launch in August.
The partnership comes just over a week after Mr Collins’ promotion to BlackRock was announced.
As well as the deputy head role, Mr Collins has taken on the role of head of iShares and index investments for Australasia.
Mr Collins has been tasked with a high-level responsibility for enterprise relationships in the region, as well as working across various strategic initiatives. The expanded role will broaden his range of responsibilities, as he is also a current member of the BlackRock Australia board.