Multi Asset

BGF Global Allocation Fund

  • NAV as of 26/Sep/2023 HUF 24,474.51
    52 WK: 22,788.93 - 27,193.17
  • 1 Day NAV Change as of 26/Sep/2023 -194.06 (-0.79%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets.

The Fund invests globally at least 70% of its total assets in equity securities (e.g. shares) and fixed income (FI) securities in normal market conditions. FI securities include bonds and money market instruments (i.e. debt securities with short term maturities). It may also hold deposits and cash.

Subject to the above, the asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions.

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

Chart

Performance chart data not available for display.
View full chart
Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

Reinvestments

This product does not have any distributions data as of now.
Ex-Date Total Distribution

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 11.6 23.0 8.7 4.2 -0.4 -1.1 22.7 20.4 16.8 -3.6
Constraint Benchmark 1 (%) 10.9 26.1 10.6 6.8 2.1 3.6 25.3 14.0 20.4 -2.3

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 (%) -8.46 6.79 8.77 8.77 8.47
Constraint Benchmark 1 (%) -3.92 8.92 9.95 10.71 10.58
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) -0.19 -2.34 3.91 3.75 -8.46 21.80 52.24 131.77 181.42
Constraint Benchmark 1 (%) 2.53 -1.70 4.64 5.20 -3.92 29.21 60.69 176.61 259.86
  From
30-Jun-2018
To
30-Jun-2019		 From
30-Jun-2019
To
30-Jun-2020		 From
30-Jun-2020
To
30-Jun-2021		 From
30-Jun-2021
To
30-Jun-2022		 From
30-Jun-2022
To
30-Jun-2023
Total Return (%)

as of 30/Jun/2023

2.71 18.03 19.47 6.33 -3.02
Constraint Benchmark 1 (%)

as of 30/Jun/2023

7.67 16.60 15.00 11.08 -0.84

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 HUF 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 26/Sep/2023 USD 13,828,689,687
Share Class launch date 08/Dec/2010
Fund Launch Date 03/Jan/1997
Share Class Currency HUF
Fund Base Currency USD
Asset Class Multi Asset
Constraint Benchmark 1 S&P 500 (36%); FTSE World (ex-US) (24%); 5 Yr US Treasury Note (24%) and FTSE Non-USD World Government Bond Index (16%)
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 1.78%
ISIN LU0566074125
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment HUF 5,000.00
Minimum Subsequent Investment HUF 1,000.00
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 BGGAA2H
SEDOL B4MZRQ5

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31/Aug/2023 1079
3y Beta as of 31/Aug/2023 0.932
P/E Ratio 16.72
Average Market Cap (Millions) as of 31/Aug/2023 USD 398,022.79
Effective Duration as of 31/Aug/2023 1.68
Effective Duration Fixed Income as of 31/Aug/2023 5.24
Effective Duration Fixed Income and Cash as of 31/Aug/2023 3.87

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 21/Sep/2023 A
MSCI ESG % Coverage as of 21/Sep/2023 86.78
MSCI ESG Quality Score (0-10) as of 21/Sep/2023 6.39
MSCI ESG Quality Score - Peer Percentile as of 21/Sep/2023 44.55
Fund Lipper Global Classification as of 21/Sep/2023 Mixed Asset USD Bal - Global
Funds in Peer Group as of 21/Sep/2023 202
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21/Sep/2023 125.79
MSCI Weighted Average Carbon Intensity % Coverage as of 21/Sep/2023 64.46
All data is from MSCI ESG Fund Ratings as of 21/Sep/2023, based on holdings as of 30/Apr/2023. 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 31/Aug/2023 0.03%
MSCI - UN Global Compact Violators as of 31/Aug/2023 0.52%
MSCI - Nuclear Weapons as of 31/Aug/2023 0.03%
MSCI - Thermal Coal as of 31/Aug/2023 0.06%
MSCI - Civilian Firearms as of 31/Aug/2023 0.00%
MSCI - Oil Sands as of 31/Aug/2023 0.27%
MSCI - Tobacco as of 31/Aug/2023 0.02%
Business Involvement Coverage as of 31/Aug/2023 63.32%
Percentage of Fund not covered as of 31/Aug/2023 36.68%
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 0.56% and for Oil Sands 1.74%.

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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or 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 relevant 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 the investment process. 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, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

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3
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BGF Global Allocation Fund, Class A2, as of 31/Dec/2017 rated against 551 USD Moderate Allocation Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - Silver
Morningstar has awarded the Fund a Silver medal. (Effective 30/Jun/2017)

Holdings

Holdings

as of 31/Aug/2023
Name Weight (%)
MICROSOFT CORP 2.43
APPLE INC 1.90
ALPHABET INC CLASS C 1.73
AMAZON COM INC 1.30
NESTLE SA 0.90
Name Weight (%)
BAE SYSTEMS PLC 0.88
UNITEDHEALTH GROUP INC 0.83
NIKKEI 225 (OSE) SEP 23 0.83
MASTERCARD INC CLASS A 0.83
MARSH & MCLENNAN INC 0.83
as of 31/Aug/2023
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 1.7 08/15/2032 2.59
TREASURY NOTE 4.125 07/31/2028 2.02
GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 2.00
TREASURY (CPI) NOTE 0.625 01/15/2024 1.59
TREASURY NOTE 4 06/30/2028 1.51
Name Weight (%)
SPAIN (KINGDOM OF) 2.55 10/31/2032 1.36
UK CONV GILT 1.25 07/22/2027 1.25
SPAIN (KINGDOM OF) 3.15 04/30/2033 1.23
AUSTRALIA (COMMONWEALTH OF) 1 11/21/2031 1.17
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 1.00
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Aug/2023

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of 31/Aug/2023

% of Net Assets

Type Fund Benchmark Net
as of 31/Aug/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2023

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2023

% of Net Assets

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
Class A2 HUF None 24,474.51 -194.06 -0.79 26/Sep/2023 27,193.17 22,788.93 LU0566074125
Class A10 Hedged SGD Monthly 9.31 -0.04 -0.43 26/Sep/2023 10.00 9.31 LU2637965513
Class A10 Hedged ZAR Monthly 93.49 -0.34 -0.36 26/Sep/2023 100.00 93.49 LU2637965943
Class A10 Hedged EUR Monthly 9.32 -0.03 -0.32 26/Sep/2023 10.00 9.32 LU2637965786
Class A9 USD Quarterly 8.24 -0.03 -0.36 26/Sep/2023 8.77 7.62 LU2354320561
Class A10 Hedged AUD Monthly 9.31 -0.03 -0.32 26/Sep/2023 10.00 9.31 LU2637965869
Class A10 USD Monthly 9.34 -0.04 -0.43 26/Sep/2023 10.00 9.34 LU2637965356
Class A10 Hedged HKD Monthly 93.33 -0.33 -0.35 26/Sep/2023 100.00 93.33 LU2637965430
Class A4 Hedged EUR Annual 35.28 -0.12 -0.34 26/Sep/2023 38.13 33.21 LU0240613025
Class A10 Hedged CNH Monthly 92.87 -0.33 -0.35 26/Sep/2023 100.00 92.87 LU2637965604
Class A9 Hedged SGD Quarterly 8.05 -0.03 -0.37 26/Sep/2023 8.60 7.56 LU2354320645
Class A2 EUR None 62.97 -0.18 -0.29 26/Sep/2023 64.43 60.59 LU0171283459
Class A2 Hedged GBP None 32.48 -0.12 -0.37 26/Sep/2023 34.63 29.83 LU0236177068
Class A4 EUR Annual 60.55 -0.18 -0.30 26/Sep/2023 62.64 58.91 LU0408221512
Class A2 Hedged EUR None 38.39 -0.14 -0.36 26/Sep/2023 41.03 35.74 LU0212925753
Class A2 Hedged SGD None 15.17 -0.06 -0.39 26/Sep/2023 16.21 13.94 LU0308772762
Class A2 Hedged CHF None 12.36 -0.04 -0.32 26/Sep/2023 13.25 11.68 LU0343169966
Class A9 Hedged AUD Quarterly 7.92 -0.03 -0.38 26/Sep/2023 8.47 7.48 LU2354320728
Class D2 USD None 75.16 -0.27 -0.36 26/Sep/2023 79.91 67.58 LU0329592538
Class D4 GBP Annual 53.04 -0.06 -0.11 26/Sep/2023 56.06 52.32 LU1852330908
Class D2 Hedged EUR None 43.24 -0.16 -0.37 26/Sep/2023 46.16 39.98 LU0329591480
Class A2 Hedged PLN None 19.41 -0.07 -0.36 26/Sep/2023 20.61 17.27 LU0480534592
Class D4 EUR Annual 61.00 -0.18 -0.29 26/Sep/2023 63.48 59.45 LU0827880005
Class I2 USD None 75.59 -0.27 -0.36 26/Sep/2023 80.33 67.82 LU0368249560
Class D4 Hedged EUR Annual 35.51 -0.12 -0.34 26/Sep/2023 38.61 33.44 LU0827880773
Class I2 EUR None 71.33 -0.21 -0.29 26/Sep/2023 72.88 68.15 LU1653088838
Class A2 Hedged CNH None 152.87 -0.54 -0.35 26/Sep/2023 163.70 142.57 LU1062906877
Class D2 Hedged AUD None 20.22 -0.07 -0.34 26/Sep/2023 21.57 18.54 LU0827880187
Class D2 EUR None 70.93 -0.20 -0.28 26/Sep/2023 72.48 67.87 LU0523293024
Class D2 Hedged GBP None 35.25 -0.13 -0.37 26/Sep/2023 37.52 32.14 LU0827880344
Class I2 Hedged EUR None 43.06 -0.15 -0.35 26/Sep/2023 45.94 39.72 LU0368231949
Class D2 Hedged CHF None 13.43 -0.05 -0.37 26/Sep/2023 14.39 12.61 LU0827880260
Class D2 Hedged PLN None 21.08 -0.08 -0.38 26/Sep/2023 22.36 18.63 LU0827880427
Class A4 USD Annual 64.16 -0.23 -0.36 26/Sep/2023 69.07 58.75 LU0724617625
Class D2 Hedged SGD None 16.57 -0.06 -0.36 26/Sep/2023 17.67 15.11 LU0827880690
Class A2 Hedged HKD None 15.61 -0.05 -0.32 26/Sep/2023 16.64 14.30 LU0788109477
Class A2 USD None 66.73 -0.24 -0.36 26/Sep/2023 71.04 60.43 LU0072462426
Class I2 Hedged SGD None 16.59 -0.06 -0.36 26/Sep/2023 17.72 15.16 LU0810842038
Class A2 Hedged AUD None 18.62 -0.07 -0.37 26/Sep/2023 19.89 17.20 LU0468326631

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Managing Director, CIO of Global Fixed Income

  

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
David Clayton
Managing Director

David Clayton, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and Head of Fundamental Security Selection.

Read More

David Clayton, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and Head of Fundamental Security Selection.

 

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

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

Read More

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

 

Mr. Koesterich's service with BlackRock 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