Quintet Private Bank, the Luxembourg-based parent company of UK’s Brown Shipley, has introduced the first in a series of multi-manager Ucits funds in collaboration with BlackRock.
Embodying Quintet’s open-architecture approach and bolstered by BlackRock’s expertise and scale, these actively managed funds focus on single asset classes. They blend a curated selection of third-party managers into one fund to enhance portfolio performance and diversification. In the UK, these funds will be exclusively available to Brown Shipley clients.
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The inaugural fund, QMM Actively Managed US Equity, has launched post-regulatory approval and is accessible solely to Brown Shipley and Quintet Group clients, including those within the private bank’s flagship portfolios. Denominated in US dollars, this fund aims to surpass its benchmark by blending various actively managed US equity strategies.
By May 2024, three more multi-manager funds, covering global high-yield bonds, Continental European equities and global investment-grade corporate bonds, will be rolled out with BlackRock. Each fund integrates ESG considerations in alignment with Quintet’s sustainable investment policy. Quintet will leverage Aladdin, BlackRock’s investment technology platform, for risk analytics and reporting.
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Bettina Mazzocchi, co-head of wealth solutions Emea, multi-asset strategies & solutions at BlackRock, remarked: “Each fund is crafted to meet Quintet’s client needs, leveraging BlackRock’s investment prowess and risk-management capabilities to foster product and portfolio innovation.”
