Global Allocation Fund (Aust) - The Investment Team

The Fund is managed by the Global Allocation Team based in Princeton, New Jersey, USA. The Team has been managing the US domiciled BlackRock Global Allocation Fund Inc. for over 22 years and uses the one investment process and implements like strategies across all its portfolios.

The Global Allocation Team consists of more than 40 professionals committed to the management and administration of the Fund. The team includes 12 analysts and 9 research associates. The analysts have a wide degree of flexibility in the development of investment ideas and have both equity and fixed income expertise. Strong team interaction and knowledge-sharing exists among the overall group, utilizing BlackRock’s worldwide resources for investment ideas, fundamental analysis, technology and risk analysis.

The management team follows a comprehensive investment process when selecting investments for the Fund’s portfolio. Portfolio managers Dennis Stattman, CFA, Dan Chamby, CFA, and Aldo Roldan, PhD, oversee the overall asset mix, geography, industry and currency allocation strategies.

Investment Process

• Universe
  

  Global stocks and bonds (across all company sizes and qualities) and cash equivalents.

• Research
  

  The team leverages global research and explores investment ideas through various avenues, such as analysing market trends, central bank policies, demographics and corporate financial statements and meeting with company management.

• Asset Allocation
  

  Top-down consideration of asset classes, regions and industries, combined with bottom-up security selection. The Fund’s reference benchmark is 60% equities, 40% fixed income/60% US, 40% non-US.

• Portfolio Construction
  

  Typically more than 700 holdings, broadly diversified.

• Sell Discipline
  
  • Valuation significantly above historic averages.
  • Change in company fundamentals.
  • Risk impact on Fund.

The investment process described for the Fund represents the Fund manager’s current process for selecting investments in the Fund’s portfolio in accordance with the Fund’s stated investment objectives and policies. Processes are subject to change based on market conditions, the opinions of the portfolio manager and other factors.