Tue, Feb. 24, 12:41 PM
- Manager of the BlackRock Flexible Equity Fund (MUTF:BMCAX) Timothy Keefe has left the firm after three years. The large-cap series team of Peter Stournaras, Kyle McClements, and Chris Accettella will take over management of the $581M fund, along with the $663M Enhanced Capital and Income Fund (NYSE:CII).
- BlackRock (BLK +0.3%) is in the midst of overhauling its equity management teams after years of less than stellar performance. Since 2012, the firm has replaced five of its nine U.S. equity teams.
- The Flexible Equity Fund garners just one star from Morningstar, over the last 3, 5, and 10 years.
Nov. 12, 2014, 1:20 PM| Comment!
CII vs. ETF Alternatives
The Fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of common stocks in an attempt to generate current income and by employing a strategy of writing (selling) call options on equity indexes in an attempt to
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