Diversified Investment Advisors
has tapped BlackRock Advisors
to serve as sub-advisor for two of its funds. Those funds are the Core Bond Fund (DVGCX
) and the Balanced Fund (DVIBX
BlackRock will be the only sub-advisor for the bond fund. The firm will oversee the fixed income portion of the balanced fund. Aeltus Investment Management
sub-advises the equity portion.
"BlackRock is known for delivering excess returns at a reduced level of risk. We believe that BlackRock will serve investors in both funds well," opined Tom Schlossberg
, president and ceo at Diversified.
"BlackRock is a recognized leader in the fixed income industry," added Mark Mullin
, cio at the firm, "and we're extremely pleased to be able to add them to two of our funds. They have in-depth expertise in all sectors of the fixed income market and are well known for their risk management and technological capabilities."
BlackRock replaces Payden & Rygel
in the role of sub-advisor.
Diversified specializes in offering services in retirement plans from defined benefit plans to defined contribution plans.
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