The BlackRock Consensus Funds comprise of five diversified core asset allocation portfolios and will act like funds of index funds by investing in a proprietary range of index tracker funds called BlackRock Collective Investment Funds.
The aim of investing in this way is to keep costs lower than many traditional core portfolio allocations, BlackRock said.
Tony Stenning, head of UK retail at BlackRock, said: "RDR, coupled with volatile stock markets, has prompted many advisers to consider outsourcing aspects of fund selection and portfolio management to help clients create diverse and flexible portfolios.
"We have developed the BlackRock Consensus Funds to help them achieve this with simple cost-effective investment solutions that give full access to BlackRock’s experience and expertise."
Each fund in the range has an Distribution Technology risk rating out of ten, which is designed to enable an easy match between an investor’s risk appetite and one of the portfolios.
In the range the lowest risk fund (rated three) can have no more than 35% of the fund’s investment exposure to equities, while the riskiest fund (rated 7) can have as much as 100% invested in equities.
The index tracker funds the range invests in include corporate and government bond trackers as well as equity trackers across the main investment regions of the world.
The BlackRock Consensus Funds will be run by the firm’s multi-asset client solutions team, which is a group of 154 investment professionals currently managing £548bn in assets. Managers of the BlackRock index funds will also work closely with the multi-asset team.
