DSP BlackRock Mutual Fund today announced the launch of its open ended fund of fund - DSP BlackRock US Flexible Equity Fund. The NFO opens on July 17, 2012 and closes on July 31, 2012.
The fund will invest in BlackRock Global Funds – US Flexible Equity Fund (BGF - USFEF), says a press release issued by DSP BlackRock.
“DSP BlackRock has been at the forefront of launching feeder funds offering access to interesting global investment themes. The DSP BlackRock US Flexible Equity Fund is an addition to our bouquet of feeder funds and would provide investors with access to investment opportunities in the US equity market,” said S. Naganath, President and Chief Investment Officer, DSP BlackRock MF.
BGF – USFEF is currently invested in sectors like information technology, consumer discretionary, health care, energy, industrials and financials, among others (as on May 31, 2012).
This scheme will provide investors with access to many global trends and investment themes through US companies that have been at the forefront of innovation, according to the fund house.
BGF - USFEF is BlackRock’s flagship offering in the US Large Cap Equity space. This fund is an ‘all weather’ fund, which seeks to capture opportunities in both growth and value markets.
BGF – USFEF’s investment strategy is based on the belief that incorporating growth/momentum and valuation factors with disciplined security selection and portfolio construction will provide consistent and repeatable investment success. BGF-USFEF seeks to create a diversified portfolio of large capitalisation US companies which are expected to outperform the market. BGF-USFEF seeks companies that are well-managed, have strong earnings growth rates, and are selling at reasonable valuations.
