It is almost two years since BlackRock kick-started a radical plan to overhaul its active equities division, but lacklustre performance and the continuing flow of assets draining out of its funds have frustrated ambitions for its stock-picking arm.
The US fund manager announced full-year results on January 16, which showed investors withdrew a net $12.4bn from its active equity funds during 2018. That figure is less than the $18.5bn that flowed out in 2017.
