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BlackRock reopens International Opportunities Fund

Investment management firm BlackRock has reopened its International Opportunities Fund to new investors, with an expanded mandate that positions the fund to tap an even broader range of attractive equity investments beyond US borders.

The fund was initially launched in September 1997, with a strategy of investing in equity securities of international companies with market capitalization up to approximately $15 billion. The fund was closed to new investors in January 2006.

With its reopening, the fund seeks to invest in international companies of any capitalization, allowing for investment in what the management believes are the best foreign companies, regardless of size, in attractive industry groups. This change was recommended by the investment team in an effort to provide shareholders consistently risk-adjusted returns in all market environments.

The fund changed its benchmark from the S&P/Citigroup Extended Market Index Global Ex-US to the S&P/Citigroup Broad Market Index Global Ex-US, to more accurately reflect the expanded universe of securities in which the fund invests.