Financial Intermediaries
On this website, Intermediaries are investors that qualify as both a Professional Client and a Qualified Investor.
In summary, a person who can both be classified as a professional client under the Markets in Financial Instruments Directive II (2014/65/EU, “MiFID”) and a qualified investor in accordance with the Prospectus Regulation (EU) 2017/1129) will generally need to meet one or more of the following requirements:
(1) An entity required to be authorised or regulated to operate in the financial markets. The following list includes all authorised entities carrying out the characteristic activities of the entities mentioned, whether authorised by an EEA State or a third country and whether or not authorised by reference to a directive:
(a) a credit institution;
(b) an investment firm;
(c) any other authorised or regulated financial institution;
(d) an insurance company;
(e) a collective investment scheme or the management company of such a scheme;
(f) a pension fund or the management company of a pension fund;
(g) a commodity or commodity derivatives dealer;
(h) a local;
(i) any other institutional investor;
(2) a large undertaking that meets two of the following size requirements on a company basis: (i) a balance sheet total of EUR 20,000,000; (ii) an annual net turnover of EUR 40,000,000; (iii) own funds of EUR 2,000,000;
(3) a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECB, the EIB) or another similar international organization;
(4) other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions;
(5) a natural person resident in an EEA State that permits the authorisation of natural persons as professional investors, who expressly asks to be treated as a professional client and a qualified investor and who meets at least two of the following criteria: (i) he/she has carried out transactions, in significant size, on securities markets at an average frequency of, at least, 10 per quarter over the previous four quarters before the application, (ii) the size of his/her financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500,000, (iii) he/she works or has worked for at least one year in the financial sector in a professional position which requires knowledge of the transactions or services envisaged.
Please note that the above summary is provided for information purposes only. If you are uncertain as to whether you can both be classified as a professional client under the Markets in Financial Instruments Directive II and classed as a qualified investor under the Prospectus Regulation then you should seek independent advice.
Terms and conditions
Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
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(i) Agree that such information will apply to any subsequent access to the Individual investors (or Institutions / Intermediaries) section of this website by you, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein; and
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The offshore funds described in the following pages are administered and managed by companies within the BlackRock Group and can be marketed in certain jurisdictions only. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Further information is available in the Prospectus or other constitutional document for each fund.
This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
Specifically, the funds described are not available for distribution to or investment by US investors. The units/shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and, except in a transaction which does not violate the Securities Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA) may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person.
The funds described have not been, nor will they be, qualified for distribution to the public in Canada as no prospectus for these funds has been filed with any securities commission or regulatory authority in Canada or any province or territory thereof. This website is not, and under no circumstances is to be construed, as an advertisement or any other step in furtherance of a public offering of shares in Canada. No person resident in Canada for the purposes of the Income Tax Act (Canada) may purchase or accept a transfer of shares in the funds described unless he or she is eligible to do so under applicable Canadian or provincial laws.
Applications to invest in any fund referred to on this site, must only be made on the basis of the offer document relating to the specific investment (e.g. prospectus, simplified prospectus, key investor information document or other applicable terms and conditions).
As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the relevant Prospectus or other constitutional document.
If you are unsure about the meaning of any information provided please consult your financial or other professional adviser.
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Risk Warnings
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.
BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The data displayed provides summary information. Investment should be made on the basis of the relevant Prospectus which is available from the manager.
For your protection, telephone calls and/or other electronic communications which result in, or are intended to result in, transactions will be recorded or saved.
Investors should read the offering documents for further details including the risk factors before making an investment.
For Investors in Denmark:
Investors should read the fund specific risks in the Key Investor Information Document and the Company’s Prospectus. Copies of all documentation can be obtained free of charge from offices of the paying agent at BlackRock (Netherlands) BV, Copenhagen Branch, Harbour House, Sundkrogsgade 21, 2100 København Ø, Denmark.
Please note that while some of the BlackRock funds are "ring-fenced", others form part of a single company and are not. For BlackRock funds that do not have segregated liability status, in the event of a single BlackRock fund being unable to meet liabilities attributable to that BlackRock fund out of the assets attributable to it, the excess may be met out of the assets attributable to the other BlackRock funds within the same company. We refer you to the prospectus or other relevant terms and conditions of each BlackRock fund for further information in this regard.
The views expressed herein do not necessarily reflect the views of BlackRock as a whole or any part thereof, nor do they constitute investment or any other advice.
Any research found on these pages has been procured and may have been acted on by BlackRock for its own purposes.
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Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
BlackRock Portfolio Consulting are a team of experienced investment consultants who aim to empower you to gain new perspectives on your portfolio, giving you tools and support to help you get closer to your overall portfolio objectives.
*Source: BlackRock Portfolio Consulting (EMEA) – 31 December 2023
To help support the evolution of your portfolio, we offer a spectrum of portfolio consulting services tailored for investors who want to retain control of asset allocation and implementation decisions according to their unique needs at every step of the ‘whole portfolio’ evolution journey.
We can help investors evaluate the sustainable characteristics of their portfolios through a variety of metrics and see how allocations to different strategies can affect their portfolio's risk/return and sustainability profile.
Analysing how your portfolio might respond in different market scenarios, including tail risk events at ends of the spectrum. Our stress test simulations cover historical scenarios, univariate effects, and various forward-looking market-driven scenarios.1
Assisting in asset allocation decisions across all asset classes, leveraging the BlackRock Investment Institute (BII) Climate-aware Capital Market Assumptions.
Managing your investments in private markets, across vintages and sub asset classes. Whether it’s assessing an existing alternatives sleeve in the context of your overall portfolio, or introducing alternatives for the first time, we can help to identify potential solutions that can bring you closer to your intended investment objectives.
Using BlackRock’s robust portfolio optimisation approach to enhance portfolio risk and return. Further methods such as portfolio rationalisation and cost optimization are part of a full suite helping to simplify the complexity of running portfolios.
Leveraging insights from an expansive database of investor portfolios throughout EMEA to deliver valuable peer comparisons – from average asset allocations and index adoption, to fee comparisons and sustainability.
1. There is no guarantee that stress testing will eliminate the risk of investing in this fund or strategy nor that the Profit & Loss movements depicted in the stress testing will replicate in the future.
BlackRock Portfolio Consulting are a team of portfolio construction and asset allocation specialists who help you, our investors analyse and construct better portfolios.
We provide an entry point into the firm’s portfolio construction tools and techniques and crucially investment views, research and IP, to equip you and support you in achieving your own portfolio goals.
How does it work?
• We start by understanding your unique investment objectives, constrains and objectives – whether it’s building new sustainable propositions, meeting yield targets, increasing portfolio efficiency, or something else.
• We leverage Aladdin, BlackRock’s multi-asset risk management technology, to help understand your existing portfolio with precision and to support you in evolving and optimising.
• We engage in market views and peer insight discussions, giving you access to the BlackRock Portfolio Architecture, the investment IP, research, optimisation tools and assumptions that power the activities of our own BlackRock investments.
• We revisit and refine with you the results of the analysis as you need, partnering together to deliver innovative solutions and insights tailored to your needs.
• And importantly, you keep full control of your portfolio management and decision-making.
BlackRock are your holistic partner in portfolio construction, and we look forward to partnering with you on the exciting journey ahead.
No portfolio is the same. Our portfolio consultations are bespoke and tailored to meet your needs and challenges. Hear from Ursula Marchioni, Head of BlackRock Portfolio Consulting, about how the our approach puts you at the heart of BlackRock.
To arrange a portfolio consultation, please reach out to your local sales contact at BlackRock.