Sony Bank to Begin Offering BlackRock Global Flexible Balance Fund
November 2, 2007
Sony Bank Inc., an 88% subsidiary of Sony Financial Holdings, announces the addition of the "BlackRock Global Flexible Balance Fund" to its lineup of investment trusts. Sony Bank will begin offering the fund November 5.
Following is an overview of the "BlackRock Global Flexible Balance Fund."
BlackRock Global Flexible Balance Fund
Fund manager: BlackRock Japan Co., Ltd.
- By investing flexibly in diverse assets throughout the world, the fund aims to grow its investment trust assets over the medium to long term.
- As a fund of funds, this vehicle invests in such investment trust securities as global equities, bonds and short-term securities.
- Principal investment fund operations are handled by BlackRock Investment Management (UK) Limited.
- The fund's benchmark index is an amalgam of yen conversion indices: the S&P500 index, FTSE World (ex-US), Merrill Lynch US Treasury Current 5Y and Citigroup Non-USD World Government Bond Index.
- In principle, the fund does not perform exchange rate hedges on foreign currency denominated assets.
This addition brings the total number of investment trusts offered by Sony Bank to 53 funds, managed by 20 companies. To meet the diverse investment needs of its customers, Sony Bank will continue carefully evaluating investment trusts for potential addition to its product lineup.
Note: This is an English-language summary of a Japanese announcement made by Sony Bank on November 2, 2007. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.
