BlackRock Sees Model-Portfolio Investing Growing to $10 Trillion by 2028
- Model portfolios have been growing corner of money management
- It’s going to be massive, says Ramji, global head of iShares
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BlackRock Inc. expects the model-portfolio realm of money management to grow to a $10-trillion business over the next five years.
The strategy, by which asset managers and investment platforms compile ready-made packages that are then sold to financial advisers, is set to grow from around $4.2 trillion currently, according to Salim Ramji, global head of iShares and index investments at the asset manager.