BlackRock Introduces Managed Volatility VI Fund for Outcome-Oriented Investors

  BlackRock Introduces Managed Volatility VI Fund for Outcome-Oriented

   Fund Seeks Total Return from All Asset Types, Regions and Within Sectors

    Combines Tactical Asset Allocation Strategy While Managing Volatility

Business Wire

NEW YORK -- January 23, 2013

BlackRock, Inc. (NYSE:BLK) today announced it is making available to insurance
separate accounts the BlackRock Managed Volatility VI Fund (the “Fund”), which
seeks to provide a flexible, unconstrained strategy for achieving total return
across asset types and regions, and within sectors.

Previously named BlackRock Balanced Capital VI, the Fund has changed by adding
investment flexibility and risk-controls to engage various opportunities
through direct investments in individual securities, derivatives and
affiliated and unaffiliated mutual funds and ETFs. As part of its investment
strategy, the Fund also will incorporate risk models to identify levels of
risk within the Fund and the broader market environment. During times of
market stress, the Fund will seek to reduce overall volatility by adjusting
its asset allocation to lower risk investments.

The Managed Volatility VI Fund is managed by Philip Green, a portfolio manager
from the BlackRock Multi-Asset Portfolio Strategies (MAPS) team. MAPS is a
24-person team that focuses on using risk models to manage portfolio
volatility and has experience managing other outcome-oriented BlackRock retail
and institutional products including Managed Volatility Portfolio, Multi-Asset
Income Portfolio, and Market Advantage. MAPS leverages the resources of the
entire Multi-Asset Strategies team of over 140 professionals and the depth and
breadth of BlackRock. At December 31, 2012, MAPS managed over $28 billion in
assets, which includes $7.5 billion assets under management in Managed
Volatility strategies.

The team also manages diversified portfolios for pensions, global central
banks, and other global tactical asset allocations portfolios. The Fund will
remain part of the BlackRock Variable Series Funds.

The Fund’s tactical asset allocation strategy will concentrate on identifying
opportunities based on valuations, macro environment, market sentiment, and
other idiosyncratic factors. Furthermore, the Fund takes a disciplined
approach to managing volatility to seek to provide a more consistent investor
experience while maximizing returns. The Fund uses proprietary and
market-based tools to seek to “de-risk” the portfolio in high volatility
environments, and “re-risk” the portfolio when volatility falls.

“Heightened market volatility may be a feature of the New World of Investing,
but that doesn’t mean that investors must resign themselves to a portfolio
sometimes at odds with their risk tolerance,” said Frank Porcelli, head of
BlackRock’s US Wealth Advisory business.

“As economies around the world continue their slow recoveries, distressing
news may trigger damaging sentiment much more quickly, creating pressures and
negative returns,” Porcelli continued. “Therefore, volatility management
becomes even more important. To that end, as investors search for diversified,
risk-controlled sources of income and return, we believe the BlackRock Managed
Volatility VI Fund is an ideal investment solution.”

“Managing risk is important for all types of investors as the current market
environment drives the search for globally diversified sources of return,”
added Michael Saliba, BlackRock’s Head of Sales for North America within the
firm’s Financial Institutions Group.

“Insurers, especially, are seeking investments in outcome-oriented funds that
will maximize their risk-adjusted total return when portfolio volatility
deviates from the targeted volatility,” he said. “We believe the BlackRock
Managed Volatility VI Fund offers insurance companies the opportunity to
invest in a product with increased stability, institutional-quality risk
management and flexibility.”

About BlackRock

BlackRock is a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide. At December 31, 2012,
BlackRock’s AUM was $3.792 trillion. BlackRock offers products that span the
risk spectrum to meet clients’ needs, including active, enhanced and index
strategies across markets and asset classes. Products are offered in a variety
of structures including separate accounts, mutual funds, iShares^®  (exchange
traded funds), and other pooled investment vehicles. BlackRock also offers
risk management, advisory and enterprise investment system services to a broad
base of institutional investors through BlackRock Solutions^®. Headquartered
in New York City, as of December 31, 2012, the firm has approximately 10,500
employees in 30 countries and a major presence in key global markets,
including North and South America, Europe, Asia, Australia and the Middle East
and Africa. For additional information, please visit the Company's website at

You should consider the investment objectives, risks, charges and expenses of
the fund carefully before investing. The prospectus and, if available, the
summary prospectus contain this and other information about the fund, and are
available, along with information on other BlackRock funds, by calling
800-882-0052 or from your financial professional. The prospectus and, if
available, the summary prospectus should be read carefully before investing.


BlackRock, Inc.
Catherine Keary, (212) 810-5237
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