Unconstrained investing: Can investors benefit from ignoring benchmarks?

An unconstrained investing approach allows professional portfolio managers to construct a portfolio free from market benchmarks. The goal is to build a differentiated portfolio of investments that could provide different outcomes from those offered by the broader market. Alister Hibbert, a Co-Portfolio Manager at BlackRock, describes his approach to unconstrained investing as “a blank sheet of paper to build the very best portfolio we can based on individual company analysis”. The method involves long-term investments in no more than 30 companies, prioritising company fundamentals over benchmarks...