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BlackRock Adjusts Leadership Team For Its Largest Mutual Fund
FYI: The world's largest asset manager is replacing one of the top leaders on its $42 billion BlackRock Global Allocation Fund (MALOX.O) (MCLOX.O) and adding three new portfolio managers, a move that comes as the fund's performance has lagged its rivals. Regards, Ted http://www.reuters.com/article/us-blackrock-fund-idUSKBN13W2WB
Adding more cooks to the broth? Might be good to get some fresh ideas. Looks like it has underperformed in the last 5 years. 4 star fund by M-star though.
Comments
Right now a third of my current employer's 401k is in MALOX.
https://fundresearch.fidelity.com/mutual-funds/performance-and-risk/09251T509