BlackRock is looking at bolstering its tracker range with the addition of three new funds.
There are currently 18 UK-domiciled tracker funds under the BlackRock Collective Investment Funds umbrella.
The new funds – which are listed in the group’s latest prospectus – are the BlackRock Developed Asia Pacific Ex Japan Equity Tracker fund, the BlackRock Over 15 Years Gilts Tracker fund and the BlackRock World Ex UK Equity Tracker fund.
The BlackRock Developed Asia Pacific Ex Japan Equity Tracker fund will aim to achieve capital growth by tracking the FTSE Developed Asia Pacific ex-Japan index, investing in its constituent companies and the BlackRock World Ex UK Equity Tracker fund will target capital growth replicating the performance of the FTSE Developed ex UK Index.
Meanwhile the BlackRock Over 15 Years Gilts Tracker fund will seek to achieve a total return by tracking the FTSE Actuaries UK Conventional Gilts Over 15 Years Index by investing in the index’s fixed income securities.
In addition all three funds will be able to invest in money-market instruments, permitted deposits and units in collective investment schemes while derivatives may be also be used.
The initial charge for funds in the range is 5 per cent with an annual management charge of 0.45-0.5 per cent. Minimum investment is £500.