Bob Miller - Blackrock Strategic Fund Manager
| BASIX Fund | USD 9.28 0.03 0.32% |
Bob Miller, Managing Director, is a member of the MultiSector Mutual Fund team within BlackRock Fundamental Fixed Income Portfolio Management Group. He is a portfolio manager of BlackRocks Core Bond, Total Return, and Strategic Income Opportunities Funds. Prior to joining BlackRock in 2011, Mr. Miller was a CoFounder and Partner at the Round Table Investment Management Company, a multistrategy, researchbased investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety of roles, most recently as senior portfolio manager for the banks proprietary multiasset class investment portfolio. Mr. Miller managed global equity and credit, global interest rate derivative, and sovereign debt portfolios during his tenure at Bank of America. Mr. Miller is a Trustee of Davidson College, a member of the Executive Committee and Chairman of the Investment Committee. He is also actively involved with the Davidson
| Phone | 800-441-7762 |
Blackrock Strategic Management Performance (%)
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Blackrock Strategic Opps Leadership Team
Elected by the shareholders, the Blackrock Strategic's board of directors comprises two types of representatives: Blackrock Strategic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackrock. The board's role is to monitor Blackrock Strategic's management team and ensure that shareholders' interests are well served. Blackrock Strategic's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackrock Strategic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bob Miller, Fund Manager | ||
| Rick Rieder, Fund Manager |
Blackrock Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Blackrock Strategic a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 13.63 X | ||||
| Price To Book | 1.28 X | ||||
| Price To Sales | 1.43 X | ||||
| Total Asset | 1.01 B | ||||
| Annual Yield | 0.04 % | ||||
| Year To Date Return | 0.48 % | ||||
| One Year Return | 5.03 % | ||||
| Three Year Return | 0.30 % | ||||
| Five Year Return | 2.47 % | ||||
| Ten Year Return | 3.56 % |
Pair Trading with Blackrock Strategic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blackrock Strategic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blackrock Strategic will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Mutual Fund
| 0.77 | MKCMX | Blackrock California | PairCorr |
| 0.61 | MKCPX | Blackrock Balanced | PairCorr |
| 0.63 | MKEFX | Blackrock Eurofund Class | PairCorr |
The ability to find closely correlated positions to Blackrock Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackrock Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackrock Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackrock Strategic Opps to buy it.
The correlation of Blackrock Strategic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackrock Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Strategic Opps moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blackrock Strategic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackrock Strategic Opps. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.