Best Fund Provider Global Technology Equity
BlackRock
Best Fund Provider – Global Technology Equity
Tony Kim
lead portfolio manager, BlackRock World Technology Fund and BlackRock Next Generation Technology Fund
“We are delighted to be selected by Asian Private Banker as the Best Fund Provider for Global Technology Equity. This award acknowledges our deep expertise and our commitment to deliver outstanding returns to investors.
Nowadays, the technology industry is not so much about the current incumbents. It is an industry of creative disruption, where new companies are constantly coming in to supplant the current leaders. It is our job to identify attractive opportunities by seeking out the next leaders that are on the ascent and to provide investors with exposure to the companies that are transforming our world.
It is our belief that specialty or sector strategies play a key role in helping clients achieve their long-term investment goals. We look forward to stronger partnership with our private bank clients in 2022 as we strive to deliver on our promise of investment excellence.”
Winnersrationale
Tech equities have been a popular investment sector over the past few years and it is crucial for asset managers to have on their shelf offerings able to capture the tremendous upside observed in this category in a risk-controlled and cost-effective manner.
As the largest asset manager in the world with a portfolio in excess of US$9.5 trillion, BlackRock has been named as the best fund provider in this category with the BlackRock World Technology Fund and BlackRock Next Generation Technology Fund gathering over US$1 billion in net inflows among Asian private banks in 2021 up to the end of August.
The BlackRock World Technology Fund was launched in March 1995 and demonstrated a strong track record generating significant alpha against both its peers and the MSCI World/Information Tech NR Index from a longer time horizon, with a three-year annualised return close to 40%, five-year annualised return over 30% and over 8% annualised returns since the fund’s inception.
The BlackRock Next Generation Technology Fund was launched in September 2018 and generated one-year returns of 46.9% and annualised returns of 39.6% since inception, as of August 2021. This fund adopted a benchmark-agnostic approach but has generated considerable alpha relative to both broad indices and other contestants under consideration.
Both the BlackRock World Technology Fund and the BlackRock Next Generation Technology Fund focus on the long term fundamental trend of technology companies and are positioned to benefit from the long term tech themes, such as electric vehicles, cloud computing, AI application, 5G, green technology etc. The growth outlook of these themes will be sustainable even in the post COVID-19 era and will not be affected by near-term macro-uncertainties such as interest rates or a possible tapering. The track record of these funds has demonstrated admirable active fund managing skills that allow investors to beat the market over different phases in the economic cycles.
BlackRock is Asian Private Banker’s Best Fund Provider – Global Technology Equity for 2022.
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