DSP BlackRock Investment Managers 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 Jun. 30, 2014), and has delivered competitive returns relative to global equity indices with lesser volatility.
Speaking on the occasion, Ajit Menon, EVP, head of sales and co-head of marketing, DSP BlackRock Investment Managers 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.''