Research house, Van Eyk, has reorganized the multi-manager line-up within its Blueprint Global Emerging Markets Fund, Investor Daily reports. The firm has reduced allocation to managers, including Schroders, Lazard and Premium China, to fund a new allocation to the iShares MSCI Emerging Markets Index ETF.
The iShares ETF, listed on the Australian Securities Exchange, will now hold a 20% weighting in the Blueprint portfolio, which has around $1.4 billion under management. The Schroders Global Emerging Markets Fund’s allocation was reduced from 24% to 10%, while the Lazard Emerging Markets was decreased from 18% to 15% and the Premium China Fund’s weighting in the product was reduced from 12.5% to 7%.
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