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Terms and conditions
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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.
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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.
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Investors should read the offering documents for further details including the risk factors before making an investment.
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.
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This site is operated and issued by BlackRock Investment Management (UK) Limited which is authorised and regulated by the Financial Conduct Authority (Register number 119293). You can gain access to the FCA's rules and guidance notes from the following link: http://www.fca.org.uk. BlackRock Investment Management (UK) Limited is a company registered in England, No. 2020394. Registered Office: 12 Throgmorton Avenue, London EC2N 2DL. BlackRock is a trading name of BlackRock Investment Management (UK) Limited. VAT No GB 888 4204 87. General enquiries about this website should be sent to EMEAwebmaster@blackrock.com. This email address should not be used for any enquiries relating to investments.
© 2020 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, iSHARES, BUILD ON BLACKROCK and SO WHAT DO I DO WITH MY MONEY are trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.
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What are alternative investments?
More and more investors are shifting to alternatives to boost returns, generate income, provide diversification from traditional investments and achieve their goals.
What are alternative investments?
There are two main types. First are private assets such as private equity, private credit, infrastructure and private real estate. They are more complex and less frequently traded than public stocks and bonds, and give investors access to additional sources of return. Hedge funds, the second type, operate mainly in public markets but use less traditional tools such as short-selling and leverage.
Alternative investments have become an essential tool for advisors and investors alike. Significant growth in private assets, in particular, is making investing more complex.
For illustrative and educational purposes only.
Source: BlackRock, 30 March 2020.
What are the different types of alternative investments?
Accordion-1,Paragraph-2
Accordion-2,Paragraph-3
Liquid alternatives4
Investments that aim to provide diversification and downside protection, available through more liquid vehicles such as mutual funds, UCITS5 and Cayman6, and ETFs7.
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A hedge fund is defined as a privately organized investment vehicle that uses its less regulated nature to generate investment opportunities that are substantially distinct from opportunities offered by traditional investment vehicles, which are subject to regulations such as those restricting their use of derivatives and leverage. Hedge fund strategies focus on idiosyncratic risk to generate absolute returns irrespective of the market environment.
Source: BlackRock, 30 March 2020.
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While hedge funds strategies can be effective diversifiers and potential return enhancers, strategies can differ vastly from one another. Holding diversified exposures to multiple hedge funds strategies in the long term, whilst dynamically allocating to short-term opportunities that may present themselves in certain hedge fund strategies as we move across market cycles and regimes.
Source: BlackRock, 30 March 2020.
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Discretionary and systematic approaches seeking to generate positive absolute returns through investments in a range of equity markets.
Source: BlackRock, 30 March 2020.
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Strategies seeking to generate superior risk-adjusted returns by exploring a wide spectrum of transformative corporate events.
Source: BlackRock, 30 March 2020.
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Relative value strategies seek to exploit temporary differences in prices of related securities.
Source: BlackRock, 30 March 2020.
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Discretionary, dynamic long/short, multi-asset exposure in a daily liquidity absolute return structure.
Source: BlackRock, 30 March 2020.
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Global multi-asset, long/short Style Advantage franchise offering, seeking attractive, diversified risk-adjusted returns with a low correlation to major equity and bond markets.
Source: BlackRock, 30 March 2020.
Illiquid alternatives
Investments that are traded less frequently and/or with low volume, making it harder to observe returns. Given the difficulties of selling and valuing illiquid investments, many investors demand a risk premium. While some investors may avoid illiquid investments at all costs, others specifically increase their allocation to illiquid investments in order to earn this risk premium.
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The category of real assets focuses on investments in which the underlying assets involve direct ownership of nonfinancial assets. These assets are also known as physical assets that have value due to their substance and properties, such as real estate and infrastructure. Real estate focuses on land and improvements that are permanently affixed, like buildings. Infrastructure claims are on the income of toll roads, regulated utilities, ports, airports, and other real assets that are traditionally held and controlled by the public sector.
Source: BlackRock, 30 March 2020.
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Private equity refers to equity and debt positions that, among other things, are not publicly traded. These investments primarily emerge from funding new ventures, known as venture capital; from the equity of leveraged buyouts (LBO) of existing businesses; from mezzanine financing of LBO’s or other venture; and from distressed debt resulting from the decline in the health of previously healthy firms. In private equity direct investments managers look to add value through operations.
Source: BlackRock, 30 March 2020.
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Illiquid or non-core credit that offers a yield pickup over traditional investment grade credit due to illiquidity, credit worthiness or complexity. Cyclical and secular changes in credit markets drive investment opportunities. Private credit assets can provide investors diversification benefits, yield enhancement, and additional capital deployment opportunities relative to similar public assets.
Source: BlackRock, 30 March 2020.
Championing a New Era of Alternatives
More and more investors are shifting to alternatives to boost returns, generate income, provide diversification from traditional investments and achieve their goals. As investors shift to alternatives and these investments grow more complex, there are challenges in getting them right. We are helping to evolve the industry to overcome those challenges and defining a new kind of partnership for our clients.
BlackRock is Tomorrow’s Alternatives Platform
BlackRock can look beyond public markets and traditional investments to find solutions in real estate, infrastructure, private equity, credit, hedge funds and multi-alternatives. We seek to deliver outperformance with true partnership. BlackRock is well equipped to meet your needs on this journey. We provide you:
* Source: BlackRock, 30 March 2020.
1 BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. To ensure you understand whether our product is suitable, please read the [Key Investor Information Document / Prospectus].
2 The [Fund’s/Strategy’s] investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the [Fund/Strategy] may not be able to realise the investment at the latest market price or at a price considered fair.
3 Beta, used in capital asset pricing model (CAPM), is a measure of the volatility, or systematic risk, of a security or portfolio, in comparison to the market as a whole.
4 Reference to individual investments mentioned in this communication is for illustrative purposes only and should not be construed as investment advice or investment recommendation.
5 Undertakings for the Collective Investment in Transferable Securities.
6 A collective investment scheme domiciled in an offshore jurisdiction.
7 Exchange traded fund.
8 Discretionary and systematic approaches seeking to generate positive absolute returns through investments in a range of equity markets.
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