Reuters – By Jessica Toonkel – June 21, 2012
(Reuters) – In January, BlackRock Inc (BLK.N) made a significant, but easy-to-miss change in the fund literature for three of its mutual funds.
In previous prospectuses, the New York-based firm said a “proprietary multi-factor quantitative model” formed the investing strategy for its $3.7 billion Large Cap Series funds, managed by retiring Chief Equity Strategist Bob Doll.
This year’s fund literature said the investing model used “quantitative factor models generated by third-party research firms.”
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