BlackRock launches rival to Vanguard LifeStrategy funds

dunstonh

Albermarle wrote: »

Strange that their is no mention of the current Blackrock Consensus range of multi asset funds , which are already well known . So they are competing with themselves as well as Vanguard.

Consensus are not risk targeted. So, they would either need to change the objective or launch a new fund. Launching a new fund gets better media coverage.

jaybeetoo

A cheaper version of the L&G Multi Index funds?

gary83

Concensus is already discounted below this level on some platforms as well, this launch has made me realise how well H&L’s marketing team did when they launched their select global growth shares the other month.

Anyone have any idea if or when mymap will be available on other platforms?

dunstonh

Anyone have any idea if or when mymap will be available on other platforms?

Most platforms will required the MIFIDII data fields to be present before they offer them. I just checked and they are still missing in todays feed.

this launch has made me realise how well H&L’s marketing team did when they launched their select global growth shares the other month.

They are the masters of marketing. They also generally have a low knowledge consumer base that falls for it nicely.

A_T

dunstonh wrote: »

They are the masters of marketing. They also generally have a low knowledge consumer base that falls for it nicely.

Without a substantial "low knowledge consumer base" most platforms would struggle to make any money - as would IFAs.

dunstonh

A_T wrote: »

Without a substantial "low knowledge consumer base" most platforms would struggle to make any money - as would IFAs.

Fair point. Although most platforms do struggle to make money.

Wildsound

The annoying point about these funds are the bid/offer spread. From an IFA point of view, when moving clients up and down the risk profiles as their circumstances change, if you're moving between say MyMap 4 fund to MyMap 5 fund and then back down to MyMap 3 fund a year later etc... the bid offer starts to eat away and penalise the client, just for moving risk profiles. I know a lot of people have vented concern at the L&G Multi-Index funds with the same problem.

Alexland

Worth a read if considering investing in MyMap:
https://pensioncraft.com/blackrock-mymap-vs-vanguard-lifestrategy/

dunstonh

Alexland wrote: »

Worth a read if considering investing in MyMap:
https://pensioncraft.com/blackrock-mymap-vs-vanguard-lifestrategy/

That article seems to have missed the point with the fact consensus is not risk targetted but mymap is.
i.e. "MyMap seems to be a re-branding of Consensus with a lower price tag."

No its not. Its a different strategy using passive underlying investments. One is rigid in the allocation and the other is fluid to keep it within a target volatility range.

It lists a Mymap "con" as having Volatility grading and dynamic allocation is complicated
but then lists VLS "con" as Fixed allocation is dumb and does not vary as market conditions change

So, it sort of says the VLS fixed allocation is a negative and the Mymap fluid allocation is a negative. The rigid model and the fluid model cant be both negatives.

It refers to mymap as active but VLS is active as well. Whilst the allocations do not have a target volatility, there are active decisions on the weightings. Just the same as mymap. Only difference is VLS is far less frequent and does not target volatility whereas mymap does.

A_T

dunstonh wrote: »

That article seems to have missed the point with the fact consensus is not risk targetted but mymap is.
i.e. "MyMap seems to be a re-branding of Consensus with a lower price tag."

No its not. Its a different strategy using passive underlying investments. One is rigid in the allocation and the other is fluid to keep it within a target volatility range.

It lists a Mymap "con" as having Volatility grading and dynamic allocation is complicated
but then lists VLS "con" as Fixed allocation is dumb and does not vary as market conditions change

So, it sort of says the VLS fixed allocation is a negative and the Mymap fluid allocation is a negative. The rigid model and the fluid model cant be both negatives.

It refers to mymap as active but VLS is active as well. Whilst the allocations do not have a target volatility, there are active decisions on the weightings. Just the same as mymap. Only difference is VLS is far less frequent and does not target volatility whereas mymap does.

he's also got a video on youtube. "Which is the Best UK Active Fund: Fundsmith, Lindsell Train or Vanguard Value?"