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BlackRock To Launch Best UK Equity Ideas Fund
Rajdeep Sandhu
21 October 2011
BlackRock, the US asset management giant, will launch a retail version of its UK Focus Fund by the end of October, the asset manager confirmed to WealthBriefing. It will hold around 20-25 of BlackRock’s best equity ideas, without benchmarking constraints, hence the "Focus" in its name. The fund is to be run by managing director and co-head of UK equities Luke Chappell and director Imran Sattar. The initial issue will be capped at £350 million ($553 million).