The fund aims to track the performance of the FTSE USA Index, which represents the performance of large and mid cap companies in the United States. The tracker utilises a full physical replication method which means it will hold all the companies comprising the index. To make sure it is aligned with the index, it will buy up or sell down to the target weights at each date of rebalance. We like the tracker as it gives us exposure to both large and mid cap US companies and it has tracked the benchmark well historically. It is also quite cheap with an ongoing charge of 0.08% as of January 2016.
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Fund Manager: Kieran Doyle
Kieran Doyle, CFA, Vice President and portfolio manager, is a member of BlackRock’s Institutional Index Equity team. Mr. Doyle’s service with the firm dates back to 2004, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was a portfolio manager in the Institutional Index Equity team. Prior to joining BGI, he was with KPMG. Mr. Doyle earned a master’s degree in economics and finance from Bristol University in 2000.
Fund Group: BlackRock
BlackRock is considered as the world largest asset manager in the world, with $4.72 trillion assets under management (as of June 2015). Founded in 1988 and widely recognised for its expertise in all asset classes, BlackRock Asset Management grew organically and by acquisitions such as Merrill Lynch Investment Managers in 2006 and Barclays Global Investors in 2009.
BlackRock employees over 1,800 investment professionals, and has a presence in 30 countries worldwide creating a truly global asset management business, with unrivalled access to local and national financial intermediaries.