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BlackRock Inc. is the world’s largest asset management corporation with over $238 billion worth of assets under management (excluding money market assets). It caters to institutional, intermediary and individual investors through a wide range of products and services. It offers a range of risk management, strategic advisor and enterprise investment system services. BlackRock’s offerings range from individual and institutional separate accounts to mutual funds and other pooled investment options. In order to strike a balance between risk and opportunities, BlackRock aims to provide a wide range of investment solutions to its clients. Below, we share with you three top-rated BlackRock funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. BlackRock Small Cap Growth Equity Portfolio A (MUTF: CSGEX ) invests a major portion of its assets in equity securities of small capitalization domestic companies. According to CSGEX’s advisors, companies with a market cap similar to those included in the Russell 2000 Index are considered small-cap firms. CSGEX may also participate in IPO markets. The fund has a three-year annualized return of 4.7%. Travis Cooke is the fund manager of CSGEX since 2013. BlackRock California Municipal Opportunities Fund A (MUTF: MECMX ) seeks income exempt from Federal and California income taxes. MECMX invests a large portion of its assets in California municipal bonds. The fund invests a least half of its assets in investment-grade securities. MECMX may also invest a maximum of half of its assets in non-investment-grade bonds. The fund has a three-year annualized return of 3.6%. As of January 2016, MECMX held 147 issues with 2.69% of its assets invested in California St For Previous Iss Go Ref 5%. BlackRock GNMA Portfolio A (MUTF: BGPAX ) invests the majority of its assets in Government National Mortgage Association (“GNMA”) securities. BGPAX purchases securities that are rated in the highest rating category (AAA or Aaa) during the time of purchase by at least one major rating agency. The fund has a three-year annualized return of 1.7%. BGPAX has an expense ratio of 0.91% as compared to the category average of 0.93%. Original post Scalper1 News
Scalper1 News