3 Best BlackRock Mutual Funds to Buy in 2021
BlackRock Inc. is one of the world’s leading asset management companies providing a range of risk management, strategic advisory and corporate investment system services. With approximately $ 7.8 trillion in assets under management (excluding money market assets), as of September 30, 2020, it is aimed at institutional, intermediary and individual investors.
Its offerings range from separate individual and institutional accounts to mutual funds and other pooled investment options. BlackRock aims to provide a wide range of investment solutions to strike a balance between risk and opportunity.
In addition, efficient fund management and the ability to survive market volatility resulted in strong performance. Consider BlackRock’s top performing mutual funds that should be on your radar in 2021.
BlackRock’s performance in 2020
The fund family is used to offering high returns. The initial investment of the majority of BlackRock mutual funds ranges from $ 0 to $ 1,000. Further, BlackRock Technology Opportunities Fund Service Actions (BSTSX) has proven to be one of the best performing mutual funds in the BlackRock family. The fund has seen solid gains over the past year.
BSTSX, which invests the majority of its assets in securities issued by US and non-US technology companies in all market capitalization ranges, returned 79.9% in the last one-year period.
BlackRock invests in a variety of sensitive, cyclical and defensive sectors. In sensitive sectors, most of the investments have been made in technology. Among cyclical sectors, the issuer has invested the most in the financial services sector, while among defensive sectors it has invested heavily in healthcare.
Technology Select Sector SPDR (XLK) climbed 40.4% in the past year and remained the best performing sector among the 11 sectors of the S&P 500.
Prizes and distinctions
According to Forbes and JUST Capital, BlackRock has been named one of the Fairest US Companies for 2021. The 2021 Fairest US Companies List celebrates US companies that outperform their peers in the Russell 1000.
The list decided how a company deals with burning issues such as fair compensation, ethical leadership, work-life balance, equal opportunity, environmental impact, as well as return on investment for shareholders. Needless to say, Blackrock stood out in all of the aforementioned categories.
In addition, BlackRock won the “Investor of the Year” award at the Environmental Finance 2020 Bond Awards. These awards are intended to celebrate green, social and sustainable bond agreements as well as the major companies that participate in them.
The company was also ranked fifth on Fortune magazine’s Change the World list, which includes the top 50 companies leading the way to tackle the world’s most pressing problems.
3 best funds to buy now
Given these circumstances, we’ve highlighted three BlackRock mutual funds with a Zacks # 1 (strong buy) mutual fund ranking that are willing to take advantage of these factors. In addition, these funds have encouraging returns over one and three years. In addition, the minimum initial investment is $ 5,000.
We expect these funds to outperform their peers in the future. Remember, the goal of Zacks’ Mutual Fund Rankings is to guide investors in identifying potential winners and losers. Unlike most fund rating systems, Zacks’ mutual fund ranking does not focus only on past performance, but also on the likely future success of the fund.
The question here is: why should investors consider mutual funds? The low transaction costs and portfolio diversification without multiple commission fees associated with stock purchases are the main reason to put your money in mutual funds (read more: Mutual Funds: Pros, Cons, and How They Make Money For Investors).
BlackRock Technology Opportunities Fund Investor Actions A BGSAX aims for long-term capital appreciation. The fund invests the majority of its assets in equity securities of U.S. and foreign companies of all market capitalizations that have the potential for rapid and sustainable growth through the development, advancement and implementation of science and technology. technology.
This Zacks Sector-Tech product has a history of positive total returns for over 10 years. To see how this fund performs against its category and against other classified 1 and 2 mutual funds, please click here.
BGSAX has one and three year returns of 79.9% and 36%, respectively, and an annual expense ratio of 1.18%, which is below the category average of 1.24%.
BlackRock International Fund of BlackRock Series, Inc. Investor A Shares MDILX aims for long-term capital appreciation. The fund invests the majority of its assets in equities of companies located outside of the United States. MDILX invests at least 75% of its total assets in global equity securities of any market capitalization. These securities are selected for their above-average return potential.
This non-US equity product has a history of positive total returns for more than 10 years. More specifically, the fund’s returns on the one- and three-year benchmarks are 19.2% and 6.4%, respectively. To see how this fund performs against its category and against other classified 1 and 2 mutual funds, please click here.
The fund has an annual expense ratio of 0.90%, which is below the category average of 0.97%.
BlackRock Large Cap Focus Growth Fund Investor Shares A MDFOX aims for long-term capital appreciation. This dynamic growth fund invests primarily in common stocks of 25 to 45 companies which the fund management believes show strong growth in earnings and income as well as the potential for capital appreciation. The fund invests the lion’s share of its assets in large cap equity securities and derivatives with similar economic characteristics to these securities.
This Large Cap Growth product has a history of positive total returns for over 10 years. More specifically, the fund’s returns on the one- and three-year benchmarks are 40.2% and 23.1%, respectively. To see how this fund performs against its category and against other classified 1 and 2 mutual funds, please click here.
The fund has an annual expense ratio of 0.92%, which is below the category average of 1.04%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.