$11 Trillion BlackRock Launches BlackRock Wealth Navigator Funds with 3 Retirement Solutions for Hong Kong Retail Investors, 3 Funds are 1) Growth Fund, 2) Growth & Income Fund & 3) Income Fund, 6-Month Exclusive Availability to HSBC Hong Kong Clients, Funds Managed by BlackRock Multi-Asset Income Investment Portfolio Managers Justin Christofel & Alex Shingler
30th June | Hong Kong
The world’s largest asset manager BlackRock ($11 trillion AUM) has launched BlackRock Wealth Navigator Funds with 3 retirement solutions for Hong Kong retail investors. The 3 BlackRock Wealth Navigator Funds are 1) Growth Fund, 2) Growth & Income Fund & 3) Income Fund. There is a 6-month exclusive availability to HSBC Hong Kong clients. The funds are managed by BlackRock Multi-Asset Income Investment Portfolio Managers Justin Christofel & Alex Shingler. Announcement: “BlackRock has launched the BlackRock Wealth Navigator Funds (“Funds”) to address the diverse retirement needs of Hong Kong retail investors. These outcome-oriented, global multi-asset portfolios are exclusively available to HSBC clients in Hong Kong for six months. The BlackRock Wealth Navigator Funds comprise a comprehensive suite of retirement solutions: the BlackRock Wealth Navigator Growth Fund (“Growth Fund”), the BlackRock Wealth Navigator Growth & Income Fund (“Growth & Income Fund”), and the BlackRock Wealth Navigator Income Fund (“Income Fund”). Each of them is built around a distinct risk profile, providing flexibility to adapt to the evolving balance between current income needs and capital growth across every stage of the retirement planning journey. The Growth Fund is targeted at individuals in their early careers prioritizing wealth accumulation and long-term compounding potential. For those preparing for or approaching retirement, the Growth & Income Fund offers a comprehensive approach emphasizing capital appreciation as well as capital income. Retirees seeking consistent income streams will find the Income Fund aligned with their distribution-phase needs. The Funds are managed by BlackRock Multi-Asset Income Investment portfolio managers Justin Christofel and Alex Shingler and built on an extensive network of talent and expertise with deep understanding of global markets and retirement investing.” In 2025 June, BlackRock launched a APAC equity absolute return fund (BSF BlackRock Systematic Asia Pacific Equity Absolute Return Fund) for retail investors in Hong Kong & Singapore. The fund (Systematic Asia Pacific Equity Absolute Return Fund) was launched in 2017 for institutional investors in Singapore, with current $727 million AUM & generated +23.7% return in 2024. In 2025 June, BlackRock is targeting $400 billion fundraising in private markets by 2030, with goals to increase revenue to $35 billion & market value to $280 billion from current $151 billion. In 2025 April, BlackRock launched a customizable Public-Private Model Portfolio in Unified Managed Account (UMA, a privately managed account) with access to private markets & public markets in 1 account. The portfolio in UMA provides advisors with comprehensive investment management capabilities & efficient reporting tools powered by GeoWealth UMA technology (Portfolio rebalancing capabilities in private market) & supported by iCapital Technology capabilities (Streamlined subscription document). BlackRock is a strategic investor in GeoWealth & iCapital.
“ $11 Trillion BlackRock Launches BlackRock Wealth Navigator Funds with 3 Retirement Solutions for Hong Kong Retail Investors, 3 Funds are 1) Growth Fund, 2) Growth & Income Fund & 3) Income Fund, 6-Month Exclusive Availability to HSBC Hong Kong Clients, Funds Managed by BlackRock Multi-Asset Income Investment Portfolio Managers Justin Christofel & Alex Shingler “
Justin Christofel, Portfolio Manager, Multi-Asset Strategies & Solutions, BlackRock: “In an era marked by inflation and market volatility, personalized retirement planning has never been more essential. Confidence in retirement starts with access to globally diversified portfolios—designed to balance capital growth, income, and risk. Backed by BlackRock’s global research and expertise, the Funds combine active and passive strategies across equities, fixed income, and alternatives to deliver a seamless, comprehensive solution tailored to help investors meet their specific investment goals throughout their retirement journey.”
Mandy Lui, Head of Greater China Wealth, BlackRock: “We are excited to bring BlackRock’s range of multi-asset products to retail investors in Hong Kong through our BlackRock Wealth Navigator Funds. Local investors are increasingly seeking tailored solutions that go beyond traditional tools to address the challenges of rising inflation and longer life expectancy. The Funds aim to meet these challenges through a comprehensive approach, serving as a foundational building block for retirement portfolios and helping investors work toward a more financially secured and comfortable future.”
$11 Trillion BlackRock Launches APAC Equity Absolute Return Fund (BSF BlackRock Systematic Asia Pacific Equity Absolute Return Fund) for Retail Investors in Hong Kong & Singapore, Fund Launched in 2017 for Institutional Investors in Singapore, Current $727 Million AUM & Generated +23.7% Return in 2024
19th June – The world’s largest asset manager BlackRock ($11.5 trillion AUM) has launched a APAC equity absolute return fund (BSF BlackRock Systematic Asia Pacific Equity Absolute Return Fund) for retail investors in Hong Kong & Singapore. The fund (Systematic Asia Pacific Equity Absolute Return Fund) was launched in 2017 for institutional investors in Singapore, with current $727 million AUM & generated +23.7% return in 2024. In 2025 June, BlackRock is targeting $400 billion fundraising in private markets by 2030, with goals to increase revenue to $35 billion & market value to $280 billion from current $151 billion. In 2025 April, BlackRock launched a customizable Public-Private Model Portfolio in Unified Managed Account (UMA, a privately managed account) with access to private markets & public markets in 1 account. The portfolio in UMA provides advisors with comprehensive investment management capabilities & efficient reporting tools powered by GeoWealth UMA technology (Portfolio rebalancing capabilities in private market) & supported by iCapital Technology capabilities (Streamlined subscription document). BlackRock is a strategic investor in GeoWealth & iCapital.
$11 Trillion BlackRock Launches Customizable Public-Private Model Portfolio in Unified Managed Account (UMA, Privately Managed Account) with Access to Private Markets & Public Markets in 1 Account, Provides Advisors with Comprehensive Investment Management Capabilities & Efficient Reporting Tools, Powered by GeoWealth UMA Technology (Portfolio Rebalancing Capabilities in Private Market) & Supported by iCapital Technology Capabilities (Streamlined Subscription Document), BlackRock is Strategic Investor in GeoWealth & iCapital
30th March 2025 – The world’s largest asset manager BlackRock ($11 trillion AUM) has launched a customizable Public-Private Model Portfolio in Unified Managed Account (UMA, a privately managed account) with access to private markets & public markets in 1 account. The portfolio in UMA provides advisors with comprehensive investment management capabilities & efficient reporting tools powered by GeoWealth UMA technology (Portfolio rebalancing capabilities in private market) & supported by iCapital Technology capabilities (Streamlined subscription document). BlackRock is a strategic investor in GeoWealth & iCapital. BlackRock (26/3/25): “ BlackRock today has gone live with a first-of-its-kind customizable public-private model portfolio within a Unified Managed Account (UMA). The models are powered by GeoWealth’s UMA technology and supported by iCapital’s underlying technology capabilities. The launch marks the first time a customizable model portfolio that includes access to both private and public market assets is available through a UMA, featuring streamlined administration and custodial integration. Advisors are increasingly turning to models-based solutions to meet demands for more tailored products and access to diversified exposures. This collaboration is designed to simplify and enhance advisors’ ability to allocate across public and private markets. BlackRock is a leading provider of models, with approximately $300 billion in assets in such models, globally. As more RIAs adopt model portfolios into their practices, managed models present a significant growth opportunity, driven by the customization, efficiency and scalability of these solutions. BlackRock expects managed model portfolios to roughly double in assets over the next four years, growing from $5 trillion today into a $10 trillion business. BlackRock’s custom models business is its fastest growing models segment, accounting for $50 billion in new assets over the past 5 years. Tech enhancements to better enable portfolio management and data analytics are also driving the growing adoption of model portfolios among RIAs. This growing theme underscores the broader benefits of the collaboration with iCapital, a global fintech platform helping drive the world’s alternative investment marketplace, and GeoWealth, a proprietary technology and turnkey asset management platform (TAMP) serving RIAs. These models will provide advisors with intuitive workflows, efficient reporting tools, and comprehensive investment management capabilities throughout the investment’s lifecycle. iCapital’s Multi-Investment Workflow Tool streamlines the entire alternative assets investing experience. BlackRock sees significant growth opportunity in the U.S. wealth market and is actively positioning the firm to become an integral, whole portfolio partner to advisors in an increasingly complex environment. Overall, BlackRock’s U.S. Wealth Advisory business is a key growth-driver for the firm, generating a quarter of BlackRock’s revenues in 2024. BlackRock, GeoWealth and iCapital are separate and non-affiliated companies. GeoWealth provides rebalancing capabilities for portfolios containing private market vehicles. iCapital offers streamlined subscription document processing to invest in the private market vehicles. BlackRock is a strategic investor in GeoWealth and iCapital.”
Jaime Magyera, Co-Head of BlackRock’s U.S. Wealth Advisory Business: “This launch represents a significant step forward, helping advisors allocate across both public and private markets all in one unified, professionally managed portfolio. BlackRock’s mission is to make investing easier and help more people access the full power of capital markets. Through our partnership with GeoWealth and iCapital, we are doing just that, helping advisors deliver differentiated service and outcomes for their clients across their whole portfolio.”
Lawrence Calcano, Chairman and CEO of iCapital: ”We are proud to support the launch of the first customizable public-private model portfolio within a Unified Managed Account (UMA). This innovative solution enables advisors to easily incorporate alternative investments into their investment strategies for their clients in a simplified way, within a single account. We believe models will be an important way for advisors to allocate to private markets, and iCapital’s underlying technology allows our clients to customize what they want to buy or deliver into the market.”
Colin Falls, CEO of GeoWealth: “Advisors and asset managers have long understood the role of private markets investments, the challenge has been the inability to systematically integrate and implement at scale in a wealth management practice. GeoWealth’s UMA technology and workflow solutions, in partnership with BlackRock and iCapital, creates an entirely new paradigm for advisors considering a public-private portfolio.”
BlackRock – BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
GeoWealth – GeoWealth is a turnkey asset management platform (TAMP) and financial technology solution built specifically for the needs of modern RIAs. GeoWealth’s user-friendly, cost-efficient, integrated technology enables advisors to access a diversified lineup of model portfolios and fully offload mid-and back-office responsibilities, including performance reporting, billing, portfolio accounting and more. Via its customizable open-architecture platform, GeoWealth enables advisors and firms to grow faster and serve clients more efficiently. Founded in 2010, GeoWealth is headquartered in Chicago, IL.
iCapital – iCapital powers the world’s alternative investment marketplace, offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities, and an innovative operating system. iCapital is the trusted technology partner to financial advisors, wealth managers, asset managers, as well as other participants in this ecosystem, and offers unrivaled access, technology, and education to incorporate alternative assets, structured investments (SI), and annuities into the core portfolio strategies for their clients. At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $880 billion of global volume activity on platform, inclusive of $220 billion in global alternative assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools. iCapital employs more than 1,750 people globally and has 16 offices worldwide, including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance, including CNBC World Top Fintech Companies for 2024, and Forbes Fintech 50 for seven consecutive years since 2018.
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