iAtoday
BlackRock Asset Management | Changes to the Balanced Index Funds
Group Savings and Retirement April 18, 2024BlackRock Asset Management (BlackRock) announced that its Model Portfolio Solutions (MPS) team has been assuming responsibility for the Balanced Index Funds since April 1.
Historically, the Retirement Solutions Team was responsible for building the strategic asset allocation and selecting the benchmark of the Balanced Index Funds. The MPS team will now be responsible for providing these insights.
The objective of this change is to realign the Balanced Index Funds’ mandate with the investment team’s, and BlackRock has determined that the MPS team is more closely aligned with the mandate of these funds since they are target risk solutions.
For complete information and to know the affected fund, please consult the Investment Update of April 5, 2024 – BlackRock.
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