Investment team, investment strategy and benchmark changes

On 7 December 2015, the investment management strategy applied to the Funds detailed below will move to a new portfolio management team and investment strategy within BlackRock Investment Management (Australia) Limited (“BlackRock”).

The Funds affected are:

Fund Name



BlackRock Australian Share Fund

088 044 222


BlackRock Australian Share Fund Plus

088 048 588


BlackRock Equity Fund

088 045 667


Your Funds are currently invested in underlying funds managed by BlackRock’s Scientific Active Equity team, a team which makes systematic investment decisions based on quantitative financial models. This will change, and your Funds will invest in a new underlying fund managed by BlackRock’s Fundamental Active Equity team. The Fundamental Active Equity team makes investments in stocks based on detailed fundamental analysis of companies, which includes company visits, meetings with management and other research.

As an investor in the Funds, you will have received the following documents in the mail:
For Investor information, click here
For information on the changes to the investment strategy of the Funds, click here.

What are your options?

As an investor in the Funds, you will need to weigh up the differences between the current team, investment strategy and benchmark in order to make a decision as to whether you wish to stay invested in the Funds. To do this, you should read both documents provided above in their entirety.

If you are happy to remain invested in the Funds on the basis set out in these communications, you do not need to do anything. You will remain invested in the Funds, with the changes detailed above.

If you no longer wish to remain invested in the Funds, you can redeem your investments prior to the changes taking effect as outlined in the investor communications above. To redeem investments, please complete the BlackRock Redemption Request form.

Please note that the cut off time for receipt of redemption instruction is 1:00pm Sydney and Melbourne time. Any instructions received after this time will be treated as having been received the next business day. Once the form is complete please return either by fax to 1300 366 107 or by mail to BlackRock Investment Management, Reply Paid 225, Melbourne VIC 8060.

If you decide to redeem, please contact Client Services when completing this document as BlackRock may require ID Documentation in some cases.

If you have any questions please contact our Client Services Team on 1300 366 100 or at