BlackRock Advantage Global Fund, Inc.
MAGCX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- WILMINGTON DE 19809 Wilmington DE United States of America 19809
- IPO Date
- Oct 21, 1994
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Advantage Global Fund, Inc. (Ticker: MAGCX) is a closed-end management investment company managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc., that seeks total return through a combination of current income, current gains, and long-term capital appreciation. The Fund pursues its investment objective by investing globally in a portfolio of equity and debt securities; derivative instruments, including futures, options, swaps, and credit default swaps; and other investment companies, such as exchange-traded funds and mutual funds. It emphasizes income-generating securities across sectors including financials, technology, healthcare, and consumer goods, with allocations to both developed and emerging markets worldwide. Headquartered in New York, New York, the Fund operates under the auspices of BlackRock, Inc., founded in 1988, and is available to institutional and retail investors primarily in the United States through brokerage platforms and financial advisors. Its geographic operations span North America, Europe, Asia-Pacific, and emerging markets, targeting diversified exposure to multinational corporations and sovereign issuers. In recent developments, the Fund has benefited from BlackRock's strategic expansions, including the 2024 acquisition of Global Infrastructure Partners to bolster infrastructure-related investments, and ongoing enhancements to its sustainable investing offerings amid growing demand for ESG-integrated strategies. Additionally, BlackRock announced partnerships with technology firms in late 2024 to integrate advanced AI analytics into fund management processes, enhancing portfolio optimization and risk assessment capabilities. These changes position the Fund to capitalize on evolving market dynamics, such as rising interest in thematic investments in AI, renewables, and global infrastructure.