Equity

BlackRock manages a full range of equity strategies that span the risk/return spectrum, as well as several targeting opportunities in specific market sectors. As of 30 September 2009, our equity assets under management total $256 billion, and we manage an additional $135 billion in asset allocation / balanced assets. While distinct in their investment styles, risk tolerances and return objectives, BlackRock equity portfolios share a common goal: to consistently add value for our clients.

Our equity investment philosophy combines portfolio management with proprietary research and significant firmwide resources in order to promote a culture of investment excellence. Dedicated investment teams - consisting of portfolio managers, research analysts and traders - actively manage style-specific portfolios built on BlackRock's company research in each major equity asset class. Despite the extensive sharing of resources and expertise, investment decisionmaking is decentralized. We maintain distinct portfolio management teams that each invest according to their unique philosophy, process and style. Further, our management teams are incentivized toward strong portfolio performance.