Industry Updates

Galilee AM partners with BlackRock on four model ETF portfolios

The mandates will target wealth managers

Lauren Gibbons

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French boutique Galilee Asset Management has launched a suite of four model portfolios using BlackRock ETFs.

The portfolios – designed specifically for wealth managers – will be incorporated in life insurance and securities accounts.

The offerings include three ETF portfolios –  “cautious”, “balanced” and “dynamic” – and a thematic ETF mandate selected by Galilee AM.

These mandates will be accessible through various Luxembourg insurance companies including Allianz Life Luxembourg, AXA Wealth Europe and Generali Luxembourg, among others.

They are structured to be available in either dedicated or collective internal funds.

Moreover, the mandates are set to expand their reach, becoming available in securities accounts across France, Switzerland and Luxembourg.

This expansion includes partnerships with several major banks such as CM-CIC Market Solutions and Banque de Luxembourg (BDL).

Henri Chabadel, CIO in France, Belgium and Luxembourg at BlackRock, said:  “We are delighted to work with a partner such as Galilee AM which for years has been creating solutions adapted to the needs of CGPs and family offices and therefore to contribute to the democratisation of ETFs among a clientele for whom the qualities of transparency, liquidity and increasing granularity of this asset class present many attractions in terms of portfolio construction.”

The French boutique is fast increasing its market presence after a double acquisition last year.

Galilee AM bought Sedec Finance in January 2023 and – following a rebrand from Financière Galilée to Galilee Asset Management in July – acquired Parisian bond boutique Stratège Finance.

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