Mumbai : DSP BlackRock Investment Managers Pvt. Ltd., one of the premier asset management companies in India, today announced the launch of the DSP BlackRock Global Allocation Fund, an open ended fund of funds scheme investing in an international fund, BlackRock Global Funds – Global Allocation Fund.

The underlying scheme, BlackRock Global Funds – Global Allocation Fund, has a performance track record of more than 17 years. BlackRock Global Funds – Global Allocation Fund typically invests in more than 700 stocks across sectors in 40 countries, including India, and in almost 30 currencies globally.

BlackRock Global Funds – Global Allocation Fund has an AUM of USD 21.6 billion (as of June 30, 2014), and has delivered competitive returns relative to global equity indices with lesser volatility.

Speaking on the occasion, Mr. Ajit Menon, EVP, Head of Sales and Co-head of Marketing, DSP BlackRock Investment Managers Pvt. Ltd. said, “The key to managing your investments is in having the right asset allocation. While an investor largely considers domestic equity in their portfolio, which looks reasonably attractive, we recommend that a small portion of the portfolio could be considered for allocation to international equities.”

BlackRock Global Funds – Global Allocation Fund has outperformed its benchmark and peers over a period of more than 17 years since its inception in January 1997.

The three portfolio managers of BlackRock Global Funds – Global Allocation Fund: Dennis Stattman, CFA (who has been with the fund since inception), Dan Chamby, CFA and Aldo Roldan, Ph.D. have more than 90 years of combined experience, and lead a seasoned investment management team of more than 40 dedicated professionals with over 300 years of combined experience. They follow a rigorous investment process with a top-down macro strategy to decide broad asset allocation and bottom up stock selection.

DSP BlackRock Global Allocation Fund will be managed by Jay Kothari and Laukik Bagwe. DSP BlackRock Global Allocation Fund will be open for initial subscription from August 1, 2014 until August 14, 2014. Thereafter, DSP BlackRock Global Allocation Fund will be open for ongoing subscription at the prevailing NAV.

The Benchmark for comparing the performance of the DSP BlackRock Global Allocation Fund would be a Composite Index comprising of S&P 500 (36%); FTSE World ex-US (24%); BofA ML US Treasury Current 5 Year (24%) and Citigroup Non-USD World Government Bond Index (16%).

Applications can be submitted at the offices of the AMC, the Collection Centres and the Investor Service Centres.

Source : Lokesh Shastri