BlackRock Global Unconstrained Equity benefits from two skilled managers who follow a well-structured process that seeks to benefit from the long-term compounding of free cash flows. They make full use of an established internal network of investors at BlackRock and the ample other available in-house resources. The recent increase in turnover represents adaptability in the face of what the managers perceive to be changes to long-term structural demand drivers. Our conviction in the process has increased. We represent a best-in-class view with the maintenance of a High People Pillar rating and an upgrade to High from Above Average for the Process Pillar rating.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAEGX’s performance objective and investment process is for both security selection and portfolio construction.
United States