Business · Companies · 12 hrs ago

BlackRock plans further growth in Switzerland beyond ETFs

BlackRock plans further growth in Switzerland beyond ETFs

BlackRock wants to expand its business in Switzerland, where it has about 120 employees and investment and technology specialists.

The company’s Swiss leaders say ETFs still have room to grow, even as investors look beyond them for returns.

They point to private markets, hedge funds and specialist active strategies as areas of interest.

A fund designed for Swiss investors combines dividend shares with an options strategy, and it passed the 1 billion mark within three to four months of launch, according to BlackRock’s country head.

BlackRock says banks and wealth managers increasingly want help building and managing whole portfolios, not just choosing individual products.

The company sees AI as a potential advantage, citing its Aladdin technology platform and its work developing applications while keeping control of sensitive data.

Its Swiss leaders also say the company wants to take on a broader role in the market, including possible full outsourcing of asset management.

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