BlackRock UK Absolute Alpha

Investment Objective

BlackRock UK Absolute Alpha Fund seeks to achieve a positive absolute return for investors. The Fund invests primarily in a portfolio of equities and equity-related securities (including derivatives) of companies incorporated or listed in the UK, although from time to time cash and near cash may be held. The Fund may also invest in other transferable securities, permitted money market instruments, permitted deposits and units in collective investment schemes. The fund will take full advantage of the ability to invest in derivatives providing both long and synthetic short positions principally through the use of contracts for difference.

Reference Index

LIBOR 3 Month Index

Latest Meeting Note

Meeting Note 12 Nov 2018

Despite a challenging 2018, the fund has delivered fairly consistent long term absolute returns to investors while displaying very low correlation to wider UK equity markets, providing investors with meaningful diversification. Attributi...

Despite a challenging 2018, the fund has delivered fairly consistent long term absolute returns to investors while displaying very low correlation to wider UK equity markets, providing investors with meaningful diversification. Attribution data from BlackRock shows that half of the drawdown YTD is attributable to one stocks (BATS), which despite near term headwinds the team remain constructive on in the long term. For investors looking to gain exposure to UK equities in a robust and highly risk managed format then the BlackRock UK Absolute Alpha merits closer attention. With a peak to trough drawdown of just 3.3% since the team took over and a current net market exposure of c.15% the fund should be well placed to conserve capital in a more challenging environment for equities.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.8 0.2 0.1 0.5 0.7 0.2 0.6 0.4 0.9 0.7 0.5 0.2 0.5
2022 0.5 0.2 0.8 0.8 0.2 0.7 0.7 0.2 0.8 0.8 0.5 0.9 0.1

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