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BlackRock UK Special Situations – manager change

Dominic Rowles | Thu 20 June 2019

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

Luke Chappell has stepped down as co-manager of the BlackRock UK Special Situations Fund. He'll continue to focus on his role as co-Head of BlackRock's UK Equity team and other fund management responsibilities. Roland Arnold, previously the fund's other co-manager, has taken on sole responsibility for the fund.

Roland Arnold's been at BlackRock since 2000 and co-managed the BlackRock UK Special Situations Fund since August 2012. Over that time, it's grown 89.1%* while the broader UK stock market's risen 70.3%. Past performance is not a guide to the future though.

Annual percentage growth
May 14 -
May 15
May 15 -
May 16
May 16 -
May 17
May 17 -
May 18
May 18 -
May 19
BlackRock UK Special Situations 9.3% -7.0% 28.1% 13.0% -2.5%
FTSE All-Share 7.5% -6.3% 24.5% 6.5% -3.2%

Past performance is not a guide to the future. Source: *Lipper IM to 31/05/2019

The fund's investment process remains the same and the manager still has the support of BlackRock's well-resourced UK Equity team. As a result, we don’t expect any significant changes to the fund.

Roland Arnold will continue to invest in companies with strong positions in their markets, high barriers to entry from competition and high-quality management teams. He'll also continue to invest in companies of all sizes, but with a focus on small and medium-sized companies. This, combined with the ability to invest in derivatives, adds risk.

The fund isn't currently on the Wealth 50 list of our favourite funds. We prefer other UK fund managers with longer track records of delivering strong returns for investors.

Find out more about this fund including charges

BlackRock UK Special Situations Fund Key Investor Information


Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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