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BlackRock Global Liquid Alternatives Fund (Aust)
https://www.blackrock.com/au/products/332726/
This product is likely to be appropriate for a consumer:
• seeking capital growth
• using the product for a minor allocation of their portfolio or less
• with a minimum investment timeframe of 5 years
• with a medium to high risk/return profile, and
• who is unlikely to need access to their capital for up to two weeks from a request
This product is for advised consumers only.
Hedge funds are a broad term that can include several strategies designed to perform in a variety of market conditions. Some common types of hedge funds include:
Diversification1
A differentiated source of returns to indices and typical long-only managers, hedge funds can act as a complement to existing strategies by reducing portfolio volatility and drawdowns across a whole portfolio.
Source of active returns2
With the correlation of world equity markets at decade lows3, dispersion of returns is rising and the opportunity for active managers is richer. Hedge funds have historically outperformed in these conditions.4
Access to unique strategies
Hedge funds typically offer access to more niche strategies that aren’t easily available to all investors, helping to broaden the opportunity set for potential returns.
The post-pandemic environment of higher interest rates, higher inflation and elevated macroeconomic uncertainty has meant that the difference between winners and losers in equity markets is higher than in the pre-COVID years5. And while fixed income yields are more attractive today, policy-driven volatility has eroded bonds’ traditional role as reliable diversifiers.
With the average adviser allocating approximately 96% of client portfolios to equities and fixed income combined, this presents a critical challenge to portfolio construction.6
Traditional 70/30 Portfolios are unlikely to meet investor objectives
Sources: BlackRock Investment Institute. Expected returns for the 70/30 portfolio is calculated using BlackRock’s 10-Year Capital Market assumptions, with appropriate weights applied to the MSCI World-ex Australia (Aud), MSCI Australia index (Aud), and Barclays Global Agg index (Aud) indices. Historical return data (5-year) is as of March 2025 and utilizes the realized returns for the MSCI World (Aud) and Barclays Global Agg (Aud) indices. Past performance is not a reliable indicator of current or future results. We cannot guarantee the accuracy of results provided. Index returns are for illustrative purposes only.
These developments have prompted investors to rethink traditional portfolio frameworks, such as the 60/40 or 70/30 models. Demand for new sources of diversification has grown, with hedge funds seeing a resurgence in interest due to their ability to both protect capital and play offence in times of market turbulence.
Enhance portfolio outcomes with the 70/15/15
Note: BlackRock Global Liquid Alternatives Fund (GLAF) performance simulated prior to inception in September 2023.
Source: BlackRock, as of 30 September 2025. Risk and return is calculated using 3-year historical performance. Stylized allocation to Hedge Fund Strategies is represented by the BlackRock Global Liquid Alternatives Fund (GLAF). Equities represented using MSCI World (AUD) Index, Fixed Income represented using Barclays Global Agg. (AUD Hedged) Index returns and Hedge Fund Strategies represented using GLAF on a gross of fees basis. GLAF was incepted as of September 2023, however, the figures shown relate to simulated performance from Dec 2021 - Aug 2023 and live performance from Sept 2023 onwards
Leveraging our unique scale and access as the world’s largest asset manager, BlackRock has a 27+ year track record managing hedge fund assets for global institutions and individual investors.7
*Source: BlackRock data as of 18 December 2025 **Source: BlackRock data as of August 2025 ***Source: BlackRock data as of 1 December 2025
Persistent market swings have investors looking beyond traditional stocks and bonds to help improve portfolio resilience.
Our diversification toolkit identifies funds designed to help diversify returns and reduce reliance on traditional markets.
1Diversification and asset allocation may not fully protect you from market risk.
2Past performance is not a reliable indicator of future performance.
3Source: MSCI/LSEG Datastream, 14 July 2025. Based on average correlation of the 60-day performance of the MSCI World Index with that of the indices of all individual countries within the MSCI World Index.
4Source: Blackrock Investment Institute/HFRI data, based on Sharpe ratios for S&P 500 vs US Treasuries vs HFRI Weighted Index from 1996-2023
5Source: BlackRock/Factset data, November 2025
6Source: State Street Investment Managers as of December 31 2024. Refers to global figures
7Source: BlackRock as of 30 June 2025, history includes predecessor firms
IMPORTANT INFORMATION
Issued by: BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 ("BIMAL"). BIMAL is a part of the global BlackRock Group which comprises financial product issuers and investment managers around the world. Information provided is for illustrative and informational purposes and is subject to change. It has not been approved by any regulator.
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General Advice: This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
BIMAL Funds: BIMAL is the responsible entity and issuer of units in the Australian domiciled managed investment schemes ("funds") referred to in this material, including the Australian domiciled iShares ETFs. Any potential investor should consider the latest product disclosure statement ("PDS") before deciding whether to acquire, or continue to hold, an investment in any fund. BlackRock has also issued a target market determination (TMD) that describes the class of consumers that comprises the target market for each fund and matters relevant to their distribution and review. The PDS and the TMD can be obtained by contacting the BIMAL Client Services Centre on 1300 366 100. In some instances the PDS and the TMD are also available on the BIMAL website at www.blackrock.com/au. Index tracking funds are not sponsored, endorsed, issued, sold or promoted by the provider of the index which a particular fund seeks to track. No index provider makes any representation regarding the advisability of investing in an index tracking fund. Further information on the index providers can be found in the BIMAL website terms and conditions at www.blackrock.com/au.
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