What is the fund objective?

The Global Allocation Fund seeks to maximise total return. The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits.

In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies.

The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed.

For more information please see the prospectus.

Who is the Fund Manager?

This fund has been managed by Dennis W. Stattman since January 1997.

Who is Blackrock?

BlackRock Inc is an independent forum providing investment management, risk management and advisory services. Historically the firm has targeted institutional investors, but it has recently permeated the retail market, not least through the acquisition of Merrill Lynch Investment Managers in 2006. The merger strengthened its reputation on the equity front and made it the biggest asset managers globally with assets under management at $1.26 trillion.

More about Blackrock

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Costs

BlackRock allows distributors to charge 5% for this fund (as per prospectus). At RaboDirect you will only pay 0.75% entry fee and 0.75% upon exit. We never charge for unexecuted or cancelled orders or for that matter cost of account maintenance.

Warning: Past Performance is not a reliable guide to future performance. The value of your investment may go down as well as up. Some Investment Funds may be affected by changes in currency exchange rates.

* Funds frequently bought together: This is for the information of our customers, and potential customers, based on general customer investment patterns, and does not constitute advice from us that you invest in any particular fund or a recommendation from us that a particular fund is suitable for you.

Related Podcast

Clare McAndrew speaks about the benefits of regular investing.

11/11/2008 | 10mins

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Killian Nolan, Investment Manager at RaboDirect, has his say:

“2008 has been a rollercoaster year of upheaval and surprises.

The majority of investors have had a torrid time over the last 12 months and your portfolio valuations have been significantly reduced. No matter where or with whom you were invested there was no shelter from the volatility in the markets and it looks like volatility will remain a factor for the early part of 2009.

Even though some uncertainty remains in the short term I believe we are now starting to see value appear in some markets. This does not mean I will be jumping in head first but I do think it is a good time to start introducing funds into the market on the “drip”.

In order to give some guidance to investors in 2009 RaboDirect asked each of the investment houses to put forward the funds they believe have the best opportunity to outperform in 2009 and beyond.

There are ten funds included in “Top Picks 2009” and they are well diversified across the risk spectrum. Hopefully most investors will find it a useful guide for future investing and let’s hope 2009 has fewer surprises!”