BlackRock announces investment strategy and portfolio manager changes

Posted on: Thu, 18 Feb 2010 07:56:34 EST

Symbols: GLBQF, BDV, BDJ

Feb 18, 2010 (Datamonitor via COMTEX) --

BlackRock Advisors has announced that the boards of trustees of BlackRock Dividend Achievers Trust, BlackRock Strategic Dividend Achievers Trust, BlackRock Enhanced Dividend Achievers Trust and BlackRock S&P Quality Rankings Global Equity Managed Trust have approved a change to the investment strategy employed by each fund.

In connection with the investment strategy changes, BlackRock also announced changes to each fund's portfolio management team.

The funds have previously utilized a quantitative, index-based investment style in selecting equity investments. Pursuant to the new investment strategy, the funds will now utilize an investment style based on a fundamental analysis of individual securities that is not index-based.

As a result, under the new investment strategy, the funds are particularly dependent on the analytical abilities of BlackRock. There have been no changes to the funds' investment objectives, guidelines and/or policies apart from the method used to implement their investment strategies.

Each fund will reportedly continue to emphasize dividend-paying and/or quality equities, as described in its prospectus, and will continue to utilize an option-writing strategy to enhance current gains.

Robert Shearer, managing director and portfolio manager, is the lead portfolio manager for the equity dividend fund and the BlackRock Natural Resources Fund, both registered open-end funds. Kathleen Anderson, managing director and portfolio manager, is an associate portfolio manager for the equity dividend fund and is also the lead portfolio manager for the BlackRock Utilities and Telecommunications Fund, both registered open-end funds. Kyle McClements, CFA, managing director and equity trader, is a member of BlackRock's US equity trading group.

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For full details on BlackRock Enhanced Dividend Achievers Trust (BDJ) BDJ. BlackRock Enhanced Dividend Achievers Trust (BDJ) has Short Term PowerRatings at TradingMarkets. Details on BlackRock Enhanced Dividend Achievers Trust (BDJ) Short Term PowerRatings is available at This Link.

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