Navigating the next market cycle with Global Allocation

Insights from the Global Allocation Team

Global Allocation is supported by a seasoned, multi-decade experienced team that employs a “global-micro” investment approach combining fundamental bottom-up security selection with top-down asset allocation and risk management—a strategy that has weathered both bull and bear markets.

  • View transcript

    Mike Trudel: Russ, you’ve held some very senior and very important positions at BlackRock, including Chief Global Strategist for the firm and you were the founder of the firm’s Model Portfolio Solutions Team. Our investors want to know, when Dennis and Dan invited you on to the Portfolio Management of Global Allocation Fund, what incentivized you to join?

    Russ Koesterich: Well, the first answer, this was literally – it’s a bit cliché – once in a lifetime opportunity. This is the marquee team not only at BlackRock, arguably in the industry. And as someone who has devoted their career to the notion of asset allocation, I couldn’t imagine a better platform. You’ve got this very unique combination of seasoned, multi-decade experienced fundamental analysts, a top down team, and some fantastic tools. And in particular when I think about where we are in this economic cycle, what’s going to work the next five years is likely to be very different than what worked the last five years. Over the last five years, we’ve been able to build a very effective portfolio with some simple building blocks. That gets tougher from here. In my mind, having the granularity, the flexibility, the depth that Global Allocation enjoys is the best franchise you could hope for.

MALOX
Global Allocation Fund seeks a rate of return competitive with that of global stocks at a lower level of volatility over a full market cycle by diversifying broadly across the world.
Russ Koesterich, CFA, JD
Portfolio Manager, Global Allocation Team
Russ Koesterich, CFA, JD, Managing Director, is a member of the Global Allocation team within BlackRock's Multi-Asset Strategies Group.
Mike Trudel, CFA
Global Strategist, Global Allocation Team
Michael Trudel, CFA, JD, Managing Director, is a member of the Global Allocation Team within BlackRock's Multi-Asset Strategies Group.