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BlackRock MyMap 4 Class D - Accumulation (GBP)

Sell:134.74p Buy:134.74p Change: 0.14p (0.11%)
Prices as at 11 December 2024
Sell:134.74p
Buy:134.74p
Change: 0.14p (0.11%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 11 December 2024
Sell:134.74p
Buy:134.74p
Change: 0.14p (0.11%)
Prices as at 11 December 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

The fund is multi-asset meaning it can invest in a combination of shares, bonds and alternative assets like commodities or property. This allows investors access to a variety of international markets with one investment. While the fund offers good global diversification, it has a larger weighting in companies from the US and Europe. A mixture of assets helps spread investment risk, which could limit up and down swings in performance over the longer term although there are no guarantees. The fund could help provide a starting point for a diversified investment portfolio or serve as a lower risk option to compliment a more adventurous portfolio.

Our view on the sector

Volatility is one type of risk. It is a measure of the ups and downs of performance of a fund. The higher the volatility, the more uncertainty there is in the returns. Asset selection in volatility funds is at the discretion of the fund manager. Funds will employ diverse investment strategies designed to deliver a variety of outcomes and will often use derivatives within the investment which can increase risk. Amongst other things, funds may use different benchmarks, manage to different time frames and present different risk characteristics. Timeframes and methodologies of volatility may vary from fund to fund.

Performance Analysis

The fund is not constrained by an official benchmark, and instead focuses on delivering growth over the long term within a predefined volatility range. The fund's success can therefore be judged on whether BlackRock have kept volatility within their target range over a rolling five-year period. The fund uses complex models to estimate the future risks and returns of different types of investment. Over time, the funds' managers will change its asset allocation to ensure the future returns are expected to fall within the target volatility range. Despite the capability that BlackRock have, models can never be seen as a definitive guide to future returns, and investment performance can be impacted by factors outside of the manager's control. Multi-asset funds invest in a range of assets which should help to reduce the risk being over-concentrated into a single type of security like shares. Historically, shares and bonds have tended to have a lower correlation. This means that when one asset drops in price, the other has typically tended to be more resilient.

Investment Philosophy

The Blackrock MyMap 4 fund offers a low-cost solution for tracking a number of international markets. In doing so, the Fund aims to keep its volatility over 5-years within a defined range of 6-9%. Generally, the higher the volatility, the riskier an investment is considered to be. This volatility range is lower than what is usually experienced from company shares. The fund aims to achieve a return on investment, through a combination of growth and income. The fund aims to get its investment exposure by predominantly using units of other passive funds. Passive investments follow an index, where predefined rules dictate the investments included and their proportion. Passive funds aim to match an index, not beat it. Because investment choices within these funds are rules based, the fund does not need to employ expensive teams of analysts or researchers, which helps to keep costs down.

Process and Portfolio Construction

The fund is part of BlackRock's MyMap range. The number 4 in the name does not directly relate to the level of risk or return, but it does help to differentiate the fund from others in the range.  The team aim to keep the volatility in roughly the middle of their target band at 7.5%, however there will be times when they actively choose to deviate from this if they feel the need to take on more or less risk. The fund aims to get its investment exposure by predominantly using units of other passive funds and they're typically adjusted 3 to 4 times a year, although there is no set frequency. The team have the flexibility to invest in both exchange traded funds (ETFs) and index funds. Within the fund there are a range of investments that span different geographies, sectors and asset classes. The team use their models to help them decide on the best mix of investments that will generate investment returns while remaining within their target volatility range. These decisions are made based on forward looking performance expectations, rather than based on how volatile the fund has been in the past. So, if the fund has been more or less volatile than the target range, the team are not going to change the investments in the fund just to bring the volatility back within that range. This means that investors should be aware that they may experience volatility outside of the target range.  The team use currency hedging to convert overseas currency bonds and some of the shares back to sterling. The prices and income of global shares and bonds can fluctuate alongside foreign currency movements, adding volatility for UK investors. By using hedging, investors could experience less extreme price movements over time, which helps smooth returns. This can be achieved using derivatives which can add risk where used.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

10/12/19 to 10/12/20 10/12/20 to 10/12/21 10/12/21 to 10/12/22 10/12/22 to 10/12/23 10/12/23 to 10/12/24
Annual return 11.08% 8.08% -10.83% 4.75% 14.88%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

Manager Name: Stephen Walker
Manager start date: 21 June 2019
Manager located in: N/A

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.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account