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Neuberger Berman introduces global allocation fund


Neuberger Berman Group has launched the Neuberger Berman Global Allocation Fund (tickers: NGLAX, NGLCX, NGLIX). The fund is the firm’s first global portfolio with broad investment latitude and an emphasis on risk management to be offered to mutual fund investors.

Neuberger Berman Global Allocation Fund blends fundamental and quantitative investment analysis to determine asset allocation and security selection. The firm’s global allocation investment process is managed by a team with decades of portfolio management and research experience in global allocation strategies, with current assets under management of USD1.9 billion.

Given its global approach and broad investment latitude, the Fund is managed by a team consisting of Wai Lee, chief investment officer of Neuberger Berman’s Quantitative Investment Group, as well as three other portfolio managers from the Quantitative Investment Group, Bobby Pornrojnangkool, PhD, Alex Da Silva, and Ping Zhou, PhD. The portfolio management team also includes Joseph Amato, the firm’s president and chief investment officer, and Brad Tank, chief investment officer for fixed income, and may also leverage the expertise of more than 130 of Neuberger Berman’s dedicated equity and fixed income research analysts.

“We’re delighted to offer investors the Neuberger Berman Global Allocation Fund in a mutual fund format,’’ says Amato. “The Fund is designed to provide shareholders with the ability to improve their risk-reward profile through this core Fund, which offers a broad-based portfolio of global assets, and seeks to deliver returns that are not as highly correlated with major asset classes, such as equities and bonds.”

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