US fund giant BlackRock has launched a range of portfolios designed to help investors reach their financial goals through funds designed to match risk appetite.
The MyMap range includes four multi-asset portfolios built using iShares index funds and actively managed funds, with rebalancing taking place on a quarterly basis.
According to the firm, the largest asset manager in the world, the new range aims to address an increasing demand for products which “allow investors to take control of their finances and plan for the future”.
“Each of us has goals we want to achieve; buying a car, a new house, starting a family, or retiring,” said Pollyanna Harper, head of iShares UK intermediary sales at BlackRock.
“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 funds, each priced at 17 basis points, are sterling denominated and include a mixture of stocks and shares, bonds, gold and real estate.
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