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Before you proceed, please take a moment to review and accept the following Terms and Conditions.
This section includes investor type descriptions for professional clients and market counterparties.
Professional client
A Professional Client is either: (i) a ‘deemed’ professional client; (ii) serviced-based professional client; or (iii) an assessed professional Client
(i) Deemed Professional Client
A person is a “deemed” professional client if the person is:
- a supranational organisation whose members are either countries, central banks or national monetary authorities
• a government, government agency, central bank or other national monetary authority of any country or jurisdiction
• a public authority or state investment body
• an Authorised Market Institution, Regulated Exchange or regulated clearing house
• a Regulated Financial Institution or the management company of a regulated pension fund;
• a Collective Investment Fund or a regulated pension fund;
• a corporate body whose shares are listed or admitted to trading on any exchange of an IOCSO member country
• trustee of a trust which has, or had during the previous 12 months, assets of at least $10 million;
• a Single Family Office licensed under the Single Family Office Regulations
• a person classified as a ‘large undertaking’ who meetstwoof the following criteria (i) a balance sheet total of at least $20 million; (ii) a net annual turnover of at least $40 million or (iii) own funds or called up capital of at least $2 million
(ii) Service-based Professional Clients
A person is a ‘serviced-based’ professional client if
- the services provided to the client is in relation to the provision of credit including arranging and/or advising on credit
• the services provided to the client relates to corporate structuring and financing such as advice relating to an acquisition, disposal, structuring, restructuring, financing or refinancing of a corporation or other legal entity i.e. takeovers, mergers and capital raising
(iii) Assessed-based Professional Clients
Assessed-based professional clients can be either (i) individuals; or (ii) undertakings
Individuals
An individual (and associated joint account holders) would be classified as an ‘assessed-based professional client’ if:
- the individual (and primary account holder, if relevant) has net assets of at least $1 million; and
• the individual is, or has been, an employee of an authorised firm or a regulated financial institution in the past two years; or
• the individual can provide evidence which demonstrates that they have sufficient knowledge and experience of relevant markets, products and associated risks
Where there is a joint account in place, the secondary account holder must obtain confirmation in writing that investment decisions relating to the joint account are made for or on behalf of the secondary account holder
Undertakings
Undertakings, which are generally not individuals, would be classified as ‘assessed-based’ professional clients if it:
- has own funds or called up capital of at least $1 million; and
• can evidence that they have sufficient knowledge and experience of relevant markets, products and associated risks
Market counterparties
A Market Counterparty is any person who is either:
- authorised firm;
• regulated financial institution; or
• professional client
BLACKROCK ACTIVE
A bigger role for active strategies
In the new regime of higher interest rates and greater macro and market volatility, we believe there is a bigger role for active strategies and more potential opportunities for skilled managers to find and deliver active returns.
Generating alpha now and in the future
Active managers aim to generate the excess returns to meet investors’ long-term objectives. BlackRock’s scale supports our key competitive advantage – we believe we have the ability to unlock unique sources of alpha through deep collaboration.
Below you will find insight from our active investment teams on the areas of the market they believe offer alpha opportunities across:
- Fundamental equities
- Systematic equities
- Fixed income
- Multi-Asset
- Liquid alternatives
Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.
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The quest for quality
Great businesses that can sustain high returns over long periods are rare but, we believe, may offer significant alpha – especially as markets have a history of undervaluing these winning business models.
Marshalling the mega forces
The market may be underestimating some long-term drivers of growth – or mega forces – such as digital disruption and AI, healthcare and the low-carbon materials transition.
Regional opportunities
Europe and Japan are ripe for stock pickers to source quality and earnings linked to the mega forces.
Navigating market themes with artifical intelligence
Large language models can help uncover the cascading effects of trending market themes, revealing not just the direct winners and losers, but also second and third order impact of the theme.
Capital appreciation and higher income
Systematic investors can simultaneously harvest data to pursue capital appreciation while also implementing strategies to deliver higher levels of income to meet cash flow needs.
Harvesting ESG data
Because there is no single global standard for how ESG information should be analysed and disclosed, sustainability data could provide powerful clues into company fundamentals.
High Yield
Elevated yield levels are driving demand for high yield. Idiosyncratic opportunities present in this market that can offer upside if carefully managed. Active managers could be key to capturing returns.
Emerging markets
Fundamentals are strong with global and emerging markets (EM). Investment opportunities exist in EM countries, tackling fiscal and external imbalances, and/or deleveraging their economies.
Emerging market investments are usually associated with higher investment risk than developed market investments. Therefore, the value of these investments may be unpredictable and subject to greater variation.
Managing the near-term, investing for the long term
This environment requires a heightened need for diversification, a focus on portfolio construction, and a highly dynamic approach to asset allocation.
New sources of diversification and potential alpha
Portfolio builders may benefit from looking beyond traditional asset classes and seek out investments that can offer a differentiated and complementary risk/return profile.
New sources of diversification and potential alpha
Portfolio builders may benefit from looking beyond traditional asset classes and seek out investments that can offer a differentiated and complementary risk/return profile.
Market dispersion
The new regime could offer greater potential to generate returns in the cross-section of markets by exploiting the spread in performance between long and short holdings, in our view.
A rich opportunity set
Investors who apply a rigorous fundamental process and who can take both long and short single stock positions can benefit from exposure to a breadth of diverse markets and geographies.
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