Multi Asset

BGF Global Allocation Fund

  • NAV as of Jun 2, 2023 EUR 12.63
    52 WK: 12.08 - 13.48
  • 1 Day NAV Change as of Jun 2, 2023 0.11 (0.88%)
  • Morningstar Rating

Overview

Investment Approach

The Global Allocation Fund seeks to maximize total return. The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed.
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Share Class and Benchmark performance displayed in EUR. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Past performance is not a guide to future performance.

  2018 2019 2020 2021 2022
Total Return (%) 9.53 14.95 -11.24
Constraint Benchmark 1 (%) 3.98 18.49 -10.06
Comparator Benchmark 2 (%) 4.47 27.72 -14.09
Comparator Benchmark 3 (%) 1.01 0.09 -12.91

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1Y 3Y 5Y 10y Incept.
Total Return (%) -6.34 4.90 - - 5.13
Constraint Benchmark 1 (%) -2.83 6.05 - - 5.69
Comparator Benchmark 2 (%) -3.51 10.85 - - -
Comparator Benchmark 3 (%) -7.80 -5.78 - - -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
Total Return (%) 1.49 -0.24 -1.61 -3.77 -6.34 15.44 - - 22.60
Constraint Benchmark 1 (%) 3.55 -0.28 0.11 -0.55 -2.83 19.28 - - 25.29
Comparator Benchmark 2 (%) 5.10 -0.11 -0.13 0.01 -3.51 36.19 - - -
Comparator Benchmark 3 (%) 0.47 -1.19 -0.92 -2.89 -7.80 -16.36 - - -
  From
31-Mar-2018
To
31-Mar-2019		 From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021		 From
31-Mar-2021
To
31-Mar-2022		 From
31-Mar-2022
To
31-Mar-2023
Total Return (%)

as of Mar 31, 2023

- - 29.53 3.81 -5.97
Constraint Benchmark 1 (%)

as of Mar 31, 2023

- - 22.17 8.93 -3.91
Comparator Benchmark 2 (%)

as of Mar 31, 2023

- - 42.50 13.66 -6.67
Comparator Benchmark 3 (%)

as of Mar 31, 2023

- - -4.94 -2.55 -7.37
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund as of Jun 2, 2023 USD 14,654,251,816
Share Class Inception Date Apr 3, 2019
Fund Inception Date Jan 3, 1997
Share Class Currency EUR
Base Currency USD
Asset Class Multi Asset
Constraint Benchmark 1 36% SNP500EUR / 24% FTWXUS_EUR / ML5YREURU Index
Comparator Benchmark 2 FTSE World Price EUR index
Comparator Benchmark 3 FTSE World Government Bond Index in EUR
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.77%
Annual Management Fee -
Performance Fee -
Minimum Initial Investment EUR 25000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category USD Moderate Allocation
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGAAI2E
ISIN LU1960222104
SEDOL BHL2TS4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Apr 28, 2023 1032
P/E Ratio as of Apr 28, 2023 18.83
Average Market Cap (Millions) as of Apr 28, 2023 USD 374,163.0 M
Effective Duration as of Apr 28, 2023 2.19 yrs
Effective Duration Fixed Income as of Apr 28, 2023 5.42 yrs
Effective Duration Fixed Income and Cash as of Apr 28, 2023 4.75 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of May 19, 2023 A
MSCI ESG % Coverage as of May 19, 2023 85.92
MSCI ESG Quality Score (0-10) as of May 19, 2023 6.51
MSCI ESG Quality Score - Peer Percentile as of May 19, 2023 58.33
Fund Lipper Global Classification as of May 19, 2023 Mixed Asset USD Bal - Global
Funds in Peer Group as of May 19, 2023 204
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of May 19, 2023 160.53
MSCI Weighted Average Carbon Intensity % Coverage as of May 19, 2023 58.37
All data is from MSCI ESG Fund Ratings as of May 19, 2023, based on holdings as of Dec 31, 2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Apr 28, 2023 0.01%
MSCI - UN Global Compact Violators as of Apr 28, 2023 0.44%
MSCI - Nuclear Weapons as of Apr 28, 2023 0.01%
MSCI - Thermal Coal as of Apr 28, 2023 0.01%
MSCI - Civilian Firearms as of Apr 28, 2023 0.00%
MSCI - Oil Sands as of Apr 28, 2023 0.29%
MSCI - Tobacco as of Apr 28, 2023 0.07%
Business Involvement Coverage as of Apr 28, 2023 63.26%
Percentage of Fund not covered as of Apr 28, 2023 36.79%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.34% and for Oil Sands 1.52%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Global Allocation Investment Team believes that a company’s ability to manage material environmental, social and governance (“ESG”) issues may be essential to the company’s ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of our investment process. For long-term investors like Global Allocation, incorporating ESG information into its research and investment decisions has been, and remains, very important to our fundamental investment process and our goal of seeking to maximize risk-adjusted returns.


The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BGF Global Allocation Fund, Class AI2, as of Jan 31, 2023 rated against 966 USD Moderate Allocation Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Apr 28, 2023
Name Weight (%)
MICROSOFT CORP 2.67
APPLE INC 1.77
ALPHABET INC CLASS C 1.50
AMAZON COM INC 1.05
UNITEDHEALTH GROUP INC 0.93
Name Weight (%)
NESTLE SA 0.80
MASTERCARD INC CLASS A 0.79
MARSH & MCLENNAN INC 0.75
LVMH 0.73
BAE SYSTEMS PLC 0.71
as of Apr 28, 2023
Name Weight (%)
TREASURY NOTE 3.875 03/31/2025 7.03
UMBS 30YR TBA(REG A) 6.08
GERMANY (FEDERAL REPUBLIC OF) 1.7 08/15/2032 2.63
TREASURY (CPI) NOTE 0.625 01/15/2024 1.53
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.41
Name Weight (%)
SPAIN (KINGDOM OF) 3.15 04/30/2033 1.27
UK CONV GILT 1.25 07/22/2027 1.24
AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 1.22
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 0.89
TREASURY (CPI) NOTE 0.5 04/15/2024 0.87
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 28, 2023

% of Market Value

Type Fund
Allocations subject to change.
as of Apr 28, 2023

% of Market Value

Type Fund
as of Apr 28, 2023

% of Market Value

Type Fund
as of Apr 28, 2023

% of Market Value

Type Fund
as of Apr 28, 2023

% of Market Value

Type Fund Benchmark Net

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.


% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class AI2 EUR - 12.63 0.11 0.88 Jun 2, 2023 13.48 12.08 LU1960222104 -
A2 Hgd SGD Accumulating 15.56 0.15 0.97 Jun 2, 2023 15.97 13.94 LU0308772762 -
X4 USD Annual 14.89 0.14 0.95 Jun 2, 2023 15.13 13.09 LU0953392981 -
D2 USD Accumulating 76.45 0.74 0.98 Jun 2, 2023 77.21 67.58 LU0329592538 -
Class AI2 Hedged EUR - 10.97 0.11 1.01 Jun 2, 2023 11.51 9.94 LU1960222286 -
A2 Hgd EUR Accumulating 39.42 0.39 1.00 Jun 2, 2023 41.36 35.74 LU0212925753 -
D2 Hgd EUR Accumulating 44.30 0.44 1.00 Jun 2, 2023 46.14 39.98 LU0329591480 -
D4 GBP Annual 53.47 0.49 0.92 Jun 2, 2023 56.54 51.60 LU1852330908 -
A2 EUR Accumulating 63.32 0.55 0.88 Jun 2, 2023 67.61 60.59 LU0171283459 -
A2 Hgd CHF Accumulating 12.77 0.12 0.95 Jun 2, 2023 13.50 11.68 LU0343169966 -
C2 Hgd EUR Accumulating 28.93 0.29 1.01 Jun 2, 2023 30.73 26.44 LU0212926058 -
A4 EUR Annual 61.56 0.53 0.87 Jun 2, 2023 65.74 58.91 LU0408221512 -
A4 Hgd EUR Annual 36.63 0.36 0.99 Jun 2, 2023 38.44 33.21 LU0240613025 -
X2 USD Accumulating 88.68 0.85 0.97 Jun 2, 2023 89.28 77.92 LU0328507826 -
X2 Hgd JPY Accumulating 1,306.00 13.00 1.01 Jun 2, 2023 1,367.00 1,189.00 LU1445720094 -
A2 Hgd GBP Accumulating 33.20 0.32 0.97 Jun 2, 2023 34.38 29.83 LU0236177068 -
X2 EUR Accumulating 82.54 0.72 0.88 Jun 2, 2023 86.95 78.22 LU0984173384 -
C2 EUR Accumulating 46.44 0.40 0.87 Jun 2, 2023 50.08 44.67 LU0331284793 -
E2 Hgd PLN Accumulating 18.52 0.18 0.98 Jun 2, 2023 18.69 16.28 LU0530192003 -
E2 USD Accumulating 61.21 0.59 0.97 Jun 2, 2023 62.33 54.54 LU0147396450 -
X2 Hgd AUD Accumulating 23.77 0.24 1.02 Jun 2, 2023 24.23 21.18 LU0525289509 -
A2 Hgd PLN Accumulating 19.72 0.19 0.97 Jun 2, 2023 19.87 17.27 LU0480534592 -
I2 EUR Accumulating 71.51 0.62 0.87 Jun 2, 2023 75.77 68.15 LU1653088838 -
D4 EUR Annual 62.32 0.54 0.87 Jun 2, 2023 66.67 59.45 LU0827880005 -
A2 Hgd AUD Accumulating 19.10 0.19 1.00 Jun 2, 2023 19.79 17.20 LU0468326631 -
A2 HUF Accumulating 23,469.36 207.60 0.89 Jun 2, 2023 27,678.23 22,788.93 LU0566074125 -
D2 Hgd CHF Accumulating 13.85 0.14 1.02 Jun 2, 2023 14.53 12.61 LU0827880260 -
D2 EUR Accumulating 71.15 0.62 0.88 Jun 2, 2023 75.52 67.87 LU0523293024 -
E2 Hgd EUR Accumulating 36.96 0.36 0.98 Jun 2, 2023 38.97 33.62 LU0212926132 -
C2 USD Accumulating 49.89 0.48 0.97 Jun 2, 2023 51.18 44.67 LU0147395726 -
E2 EUR Accumulating 56.97 0.49 0.87 Jun 2, 2023 61.08 54.63 LU0171283533 -
X2 Hgd EUR Accumulating 13.15 0.13 1.00 Jun 2, 2023 13.56 11.79 LU0260352280 -
D2 Hgd SGD Accumulating 16.95 0.17 1.01 Jun 2, 2023 17.27 15.11 LU0827880690 -
D2 Hgd AUD Accumulating 20.69 0.21 1.03 Jun 2, 2023 21.28 18.54 LU0827880187 -
D2 Hgd PLN Accumulating 21.38 0.21 0.99 Jun 2, 2023 21.48 18.63 LU0827880427 -
D2 Hgd GBP Accumulating 35.95 0.36 1.01 Jun 2, 2023 36.95 32.14 LU0827880344 -
I2 USD Accumulating 76.83 0.74 0.97 Jun 2, 2023 77.54 67.82 LU0368249560 -
A2 Hgd CNH Accumulating 157.46 1.54 0.99 Jun 2, 2023 163.17 142.57 LU1062906877 -
I2 Hgd EUR Accumulating 44.08 0.43 0.99 Jun 2, 2023 45.82 39.72 LU0368231949 -
A4 USD Annual 66.15 0.64 0.98 Jun 2, 2023 67.03 58.75 LU0724617625 -
I2 Hgd SGD Accumulating 17.00 0.17 1.01 Jun 2, 2023 17.30 15.16 LU0810842038 -
A2 Hgd HKD Accumulating 15.96 0.16 1.01 Jun 2, 2023 16.39 14.30 LU0788109477 -
D4 Hgd EUR Annual 37.05 0.36 0.98 Jun 2, 2023 38.90 33.44 LU0827880773 -
A2 USD Accumulating 68.03 0.65 0.96 Jun 2, 2023 68.94 60.43 LU0072462426 -
J2 USD Accumulating 89.27 0.86 0.97 Jun 2, 2023 89.87 78.43 LU0304953069 -

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Managing Director, CIO of Global Fixed Income, Head of Fundamental Fixed Income, Head of Global Allocation Investment Team

  

Read More

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business, and Head of the Global Allocation Investment Team. Mr. Rieder is responsible for roughly $2.4 trillion in assets. He is a member of BlackRock’s Executive Sub-Committee on Investments, a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.

 

From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.

 

Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey, and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation, and Trustee for the US Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

David Clayton, CFA, JD
David Clayton, CFA, JD
Portfolio Manager, Global Allocation

David Clayton

Read More

David Clayton, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team within BlackRock's Multi-Asset Strategies Group.

 

Mr. Clayton joined the BlackRock Global Allocation team in 2010 and was named a portfolio manager of the Fund in 2017. Prior to his current role, he was head of portfolio oversight, as well as a senior investor and investment group leader, on the Fund, primarily responsible for coverage of the energy, real estate, autos, industrials, materials and utilities sectors. Prior to joining BlackRock, he was Of Counsel in the Financial Restructuring Group at Milbank, Tweed, Hadley & McCloy LLP. Previously he was a Managing Director and analyst with The Blackstone Group, responsible for distressed and special situations investments across multiple industries. Prior to joining Blackstone, Mr. Clayton spent six years at Merrill Lynch Investment Managers (MLIM), initially as an attorney specializing in corporate finance transactions and restructurings, and most recently as a Vice President and analyst in the Global High Yield Bond & Bank Debt Group. Mr. Clayton began his career as an attorney specializing in corporate finance transactions, first at Blake, Cassels & Graydon in Toronto and then at Milbank in New York.

 

Mr. Clayton earned a BA degree, with honors, in economics from the University of Western Ontario in 1990 and MBA and LLB degrees from Dalhousie University in 1994. He is a CFA® Charterholder.

Russ Koesterich
Russ Koesterich
Managing Director, Portfolio Manager and member of the Global Allocation team

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team within BlackRock's Multi-Asset Strategies Group.

 

 

Read More

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team.

 

Mr. Koesterich's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined the BlackRock Global Allocation team in 2016 as Head of Asset Allocation and was named a portfolio manager of the Fund in 2017. Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business, and formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the US Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media and the author of three books, including his most recent "Portfolio Construction for Today's Markets."

 

Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA Charterholder.

Literature

Literature