One of the world’s premier asset management firms, BlackRock offers a range of risk management, strategic advisor and enterprise investment system services. With over $3.65 trillion worth of assets under management, it caters to institutional, intermediary and individual investors through a wide range of products and services. These offerings include individual and institutional separate accounts, mutual funds and other pooled investment options. BlackRock aims to provide a wide range of investment solutions to its clients, helping them strike the right balance between risk and opportunities.
Below we will share with you 5 top rated BlackRock funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future.
BlackRock International Value A (MDIVX) focuses on investing in companies from developing economies. The fund primarily invests in common and preferred stocks and related convertible securities. It purchases stocks that are attractively priced relative to their true value. The fund returned 34.84% over the last one year period.
Robert Weatherston is the fund manager and he has managed this BlackRock fund since 2001.
BlackRock Global Allocation A (MDLOX) seeks total return. It invests in domestic and foreign equity and debt securities as well as money market instruments. Up to 35% of its assets may be used to purchase debt securities rated below investment grade. It may also invest in real estate investment trusts. The fund has a ten year annualized return of 8.52%.
As of April 2011, this fund held 735 issues, with 1.77% of its total assets invested in US Treasury Note 3.5%.
BlackRock Mid Cap Growth A (BMGAX) invests the majority of its assets in growth stocks of domestic mid-cap companies. The fund focuses on acquiring common stock, but also purchases preferred stock and related convertible securities. It may also utilize synthetic instruments such as futures and options. The fund returned 39.12% over the last one year period.
The BlackRock fund has a minimum initial investment of $1,000 and an expense ratio of 1.58% compared to a category average of 1.41%.
BlackRock Focus Value A (MDPNX) seeks capital growth over the long term. The fund focuses on acquiring stocks that are attractively priced relative to their true value. Not more than 2%5 of its assets may be utilized to purchase foreign securities. The fund has a three year annualized return of 4.96%.
Kevin Rendino is the fund manager and he has managed this BlackRock fund since 1999.
BlackRock Healthcare A (MDHCX) invests at least 80% of its assets in the healthcare sector. The fund focuses on purchasing securities of companies that have the potential for superior earnings growth. It may also invest in foreign and convertible securities, depositary receipts and rights. The fund returned 34.22% over the last one year period.
The BlackRock fund has a minimum initial investment of $1,000 and an expense ratio of 1.57% compared to a category average of 1.72%.
To view the Zacks Rank and past performance of all BlackRock funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.