US investment firm BlackRock has rolled out Managed Volatility VI fund for insurers, to offer a flexible, unimpeded strategy to achieve total return across all asset types and regions, and within sectors.
Formerly known as Balanced Capital VI, the improved fund has added investment flexibility and risk-controls to invest in individual securities, derivatives and affiliated and unaffiliated mutual funds and ETFs.
BlackRock North America Financial Institutions Group sales head Michael Saliba said the fund offers insurance companies the opportunity to invest in a product with increased stability, institutional-quality risk management and flexibility.
The fund uses risk models to identify risk potential within the fund and the broader market environment and also reduces overall volatility by adjusting its asset allocation to lower risk investments.
The asset management company has appointed Philip Green, a portfolio manager from the BlackRock Multi-Asset Portfolio Strategies (MAPS) team, to manage the Volatility VI Fund.
Operating in 30 nations including North and South America, Europe, Asia, Australia and the Middle East and Africa, BlackRock offers investment management, risk management and advisory services to institutional and retail clients.
As of 31 December 2012, its asset under management (AUM) was $3.792 trillion.