MoneyAM Fund Centre

Quick Stats

Fund Objective

The Fund is a sub-fund of BlackRock Authorised Contractual Scheme I taking the form of a co-ownership scheme. As a consequence of this, the Fund may be treated as tax transparent for the purpose of income and/or capital gains by relevant taxing jurisdictions. Each investor should take appropriate professional advice as to the tax treatment of their investment in the Fund. Investors in the Fund must be Eligible Investors as defined in the Fund’s prospectus and must have completed all relevant documentation prior to the purchase of units in the Fund. The Fund aims to provide a return on your investment (generated through an increase to the value of the assets held by the Fund and/or income received from those assets) by tracking closely the performance of the 30:70 Global Equity Sterling-Hedged Composite Index (the “Benchmark Index”) with a 30% allocation to United Kingdom (UK) equity securities (e.g. shares) and 70% allocation to overseas (non-UK) equity securities (which includes a 10% allocation to emerging market equities) with 95% of non-UK overseas developed equities currency exposure hedged back to Sterling. The Fund is passively managed and the investment adviser has discretion to select the Fund’s investments and in doing so may take into consideration the Benchmark Index. This will be achieved by investing so far as possible and practicable 90% of the Fund’s assets in the equity securities of companies which make up the FTSE UK All Share Index (the “FTSE UK All Share Index”) and the FTSE Custom Developed ex UK Canada, Israel and S Korea Net Tax (UK Pension) 95% Hedged to GBP Index (the “FTSE Custom Developed Index”) and foreign exchange (FX) forward contracts in order to hedge 95% of the non-UK overseas developed equities currency exposure back to Sterling, the base currency of the Fund. 33.3% of the 90% will be allocated to the FTSE All Share Index. 66.7% of the 90% will be allocated to the FTSE Custom Developed Index. Hedging aims to reduce the effect of fluctuations in the exchange rates between the currencies of the non-UK developed equity securities that make up the FTSE Custom Developed Index and Sterling. The Fund will seek to invest 10% of its assets in units in collective investment schemes providing exposure to emerging market equities which aim to track the performance of the MSCI Emerging Markets index. This 10% allocation may fluctuate due to market movement between portfolio rebalances, but will not exceed 12%.

Fund Managers

Steve Walker

Steve Walker, Director and portfolio manager, is a member of the Beta Strategies Group. Within Beta Strategies, Mr. Walker is head of the Index Asset Allocation team in EMEA. Mr. Walker's service with the firm dates back to 2007, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was a portfolio manager in the Client Solutions team. Prior to joining BGI, Mr. Walker was a portfolio manager in the discretionary investment team at Coutts & Co bank for over 12 years.