BlackRock is inviting more third-party fund managers into its model portfolios, conceding to client demand. Mutual funds from JPMorgan’s Six Circles and Fidelity’s Strategic Advisors use multiple subadvisors, said Neil Bathon, founder and partner at FUSE Research Network. “A BlackRock-only portfolio will have some pushback in the marketplace,” Bathon said.
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Article published on September 21, 2022