BlackRock closes EM fund following poor value assessment findings

Out of its 140 funds, ten delivered value but further action has been taken to improve, while two failed to deliver consistent value. BlackRock EMEA chief to take role in BoE deputy governor selection The two funds are the BlackRock Aquila Emerging Markets and BlackRock Market Advantage. The Aquila EM fund's poor value stemmed from its costs and charges, which scored low when compared to other market rates, services and AFM costs. BlackRock noted it had already flagged the fund for review before undergoing its value assessment, which resulted in the "decision to close the fund b...