BlackRock Long-Short Active Capital Fund



The BlackRock Long-Short Active Capital Fund is an innovative fund for investors seeking a tax-effective return from Australian shares.

The BlackRock Long-Short Active Capital Fund (the Fund) will invest in companies that are within the S&P/ASX300 Accumulation Index and will be actively managed using a ‘tax-aware’ approach that factors in franking credits and CGT impacts into its investment decisions.

Exclusive opportunity

This innovative fund will only be open to clients of Commonwealth Private Bank.

Tax-aware investing
  • BlackRock’s Australian Equities Team has pioneered ‘tax aware’ investing in Australia. In simple terms, ‘tax aware’ investing means making decisions with an awareness of franking credits and consideration of the Fund’s capital gains position.
  • To boost investors’ potential after-tax returns, the team will invest in attractive long-term growth stocks and minimise the capital gains liabilities by having a low stock turnover.
  About BlackRock
  • BlackRock is a premier provider of global investment management, risk management and advisory services. Its local arm, BlackRock Investment Management (Australia) Limited manages around $20 billion of equity, fixed income and property assets and is a pioneer in the Australian market for incorporating after-tax considerations into the investment process for publicly available investment trusts.

 

Broad investment universe
A broad investment universe offers the fund manager hidden opportunities

 

‘What you keep vs. what you make’
As an investor, it’s not just what you make that’s important, it’s what you keep.

 

Innovative ‘tax-aware’ approach
Investors on high marginal tax rates often have a preference for discounted capital gains over current income.

 

A long-short strategy
The Fund will seek to generate returns using a long-short strategy

 

Combining qualitative and quantitative approaches
Utilising both qualitative and quantitative investment approaches delivers real synergies

 

Get more information
Talk to your Commonwealth Private Financial Adviser or download more information

 

  • Important information
    This information is issued by Commonwealth Private Limited ABN 30 125 238 039 (Commonwealth Private). Commonwealth Private is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (Commonwealth Bank).

    Commonwealth Private Bank team consists of a Private Banker who is a representative of Commonwealth Bank and an Investment Adviser and Financial Adviser who are representatives of Commonwealth Private.

    Capitalised terms in documents have equal meaning to the capitalised terms in the Product Disclosure Statement (the PDS). Unless indicated otherwise, any amounts stated herein are expressed in AUD.

    The information has been prepared for general information only and not having regard to a particular person’s investment needs, objectives and financial situation. Before making a decision you should consider, whether an investment in BlackRock Long-Short Active Capital Fund is appropriate in light of your particular investment needs, objectives and circumstances.

    The terms of Offer are set out in are set out in the PDS dated, 22 May 2008. We recommend that you read the PDS before deciding whether to invest. Applications to invest can only be made on an application form attached to or accompanying the PDS. You may obtain a PDS free of charge by calling your relationship manager or adviser.

    In receiving this information you represent and warrant that you will not distribute it to any person outside of Australia.

    This information has been issued by Commonwealth Private for its clients based on information prepared by and/or received from BlackRock Investment Management (Australia) Limited (BIML) and their respective affiliates. We believe that the information herein is correct and any opinions, conclusions or recommendations contained in this brochure are reasonably held or made as at the time of its compilation, but we make no warranty as to the accuracy, reliability or completeness of that information. Neither Commonwealth Private nor Commonwealth Bank have independently verified the information given in this brochure Except to the extent that any liability under any law cannot be excluded, no liability for any loss or damage which may be suffered by any person, directly or indirectly, through relying upon any information or statement in this brochure is accepted by Commonwealth Bank, Commonwealth Private or any of their directors, employees or agents, whether that loss or damage is caused by any fault or negligence on their part or otherwise. Commonwealth Bank and its subsidiaries do not guarantee the obligations or performance of Commonwealth Private or the products or services offered.
  • Disclosure of fees
    Commonwealth Private is promoting the Fund and may receive fees from BIML for this service of up to 2.0% from the gross proceeds procured by Commonwealth Private. Commonwealth Private or one or more of its associates may perform, or may seek to perform, other financial or advisory services for the entities mentioned in this email, or its associates and may have other interests in or relationships with BIML or its associates, and receive fees, commissions or other compensation in such capacities. Commonwealth Private or one or more of its associates has received fees, commissions or other compensation from entities of BIML or its associates in the past 12 months, and expects to be entitled to receive such fees, commissions or other compensation in the future, including the fees referred to above.