We look for companies that have high earnings growth rates and price momentum. Still, Wykle does plenty of fundamental analysis, seeking out growth candidates that have strong balance sheets. BlackRock's risk compliance group keeps an eye on each fund, comparing its risk and sector weightings with a relevant benchmark. His value screens steer him toward financial services, utilities, and basic materials, and away from technology and healthcare. BlackRock's funds always stay fully invested.
Market timing is a loser's game.
Both funds are limited to an asset class that has performed dismally for most of that period. In keeping with style purity, each fund is named exactly for what it does. It makes it simple to do business with us. That simplicity is derived from BlackRock's institutional roots. But by the time BlackRock was acquired by PNC Bank in 1995, the two companies' fund lineups were anything but simple.