BlackRock Inc. is one of the world’s largest asset management firms. With over $4.1 trillion worth of assets under management across all spectrums of financial assets and a geographical reach in over 30 countries it caters to all investor classes through a wide range of products and services. The company has strong risk management practices in place and seasoned portfolio management teams through which they seek to generate sustainable wealth for their investors.
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. To view the Zacks Rank and past performance of all BlackRock funds, investors can click here to see the complete list of funds.
BlackRock Pacific A (MDPCX) seeks capital growth. A large share of its assets is utilized to purchase equity of companies located in the Far East or Western Pacific regions. Investments are usually made in emerging markets. The fund has a three year annualized return of 5.63%.
The BlackRock mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.17% compared to a category average of 1.44%.
BlackRock Mid-Cap Growth Equity A (BMGAX) invests the majority of its assets in domestic mid-cap companies with the potential to deliver high earnings growth. These firms must have market capitalizations identical to those which are included in the Russell Midcap Growth Index. The fund has a three year annualized return of 14.78%.
Phil Ruvinsky is the fund manager and he has managed this BlackRock mutual fund since 2013.
BlackRock High Yield Bond A (BHYAX) seeks maximum total return. The fund invests a large share of its assets in high yielding junk bonds in order to maximize total returns. The fund may invest a maximum of 30% of its assets in non U.S denominated foreign bonds primarily to generate returns. The fund has a three year annualized return of 9.53%.
As of October 2013, this Blackrock mutual fund held 920 issues, with 3.31% of its total assets invested in Caesars Entertainment Resort Prope Tl-B.
BlackRock World Income A (MDWIX) invests a minimum of 90% assets in fixed income securities. The fund may also invest all its assets in junk bonds. Investments are made in both domestic and foreign companies. The fund has a three year annualized return of 4.08%.
The BlackRock mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.23% compared to a category average of 1.08%.
BlackRock Global SmallCap Investor A (MDGCX) seeks capital appreciation over the long term. The fund invests a large share of its assets in small cap equity securities. The issuers of these securities must be identical to firms included in the MSCI World Small Cap Index. A minimum of 40% of its assets are invested in foreign securities. The fund has a three year annualized return of 11.06%.
John D. Coyle is the fund manager and he has managed this BlackRock mutual fund since 2005.
To view the Zacks Rank and past performance of all BlackRock funds, investors can click here to see the complete list of funds.
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.
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Read the analyst report on MDPCX
Read the analyst report on BMGAX
Read the analyst report on BHYAX
Read the analyst report on MDWIX
Read the analyst report on MDGCX
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