New Manager Needn't Worry Investors at This Gold-Rated Fund
A management addition at BlackRock Global Allocation is more evolutionary than seismic, says Morningstar's Dan Culloton.
BlackRock Global Allocation, a large fund that usually doesn't make much news, made some recently. It named BlackRock's former global chief investment strategist and head of its model portfolio business, Russ Kosterich, to the fund’s management team. Manager changes usually are warning flags, but this one seems more evolutionary than seismic.
Global Allocation's longtime managers Dennis Statman, Dan Chamby, and Aldo Roldan remain and still have significant investments in the fund. A deep and experienced team of nearly 30 analysts also still support them. It also doesn't look like the appointment is going to change the fund’s approach. Kosterich is going to help the team more systematically implement its top-down insights into its asset allocation decisions, a role for which he is suited given his background as a strategist.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.