BlackRock Index Tracker funds - Change of fund manager

Adam Laird | Wed 16 March 2016

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Nimish Patel, a fund manager in BlackRock's index tracker team, has resigned. He is in the process of handing over management of his funds, he is taking a break from the asset management industry.

Nimish Patel was the named manager on three funds, currently on our Core Tracker list:

Find out more about our Core Tracker list

He was named manager on a number of BlackRock's other tracker funds, including:

By their nature, tracker funds follow the investments in a market index. Therefore the departure of an individual manager has less impact on a tracker fund's performance than on an actively-managed fund.

Download our free guide to tracker funds

We do not believe investors should be concerned by this news providing the fund continues to meet objectives; this will not impact our view of funds on the Core Tracker list. BlackRock's team is well staffed and its procedures are tight to ensure the funds perform as expected. Responsibility for BlackRock's funds is, and will continue to be, a team effort. Kieran Doyle will become named manager on these funds, he is an experienced fund manager with over a decade's experience.

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.