For those investors struggling to decide what currency to park their money in, or Americans concerned over the value of our dollar, the recent comments made by BlackRock (NYSE: BLK) should put them at ease.

Lawrence Fink, Chairman and CEO of Blackrock stated that they believe the U.S. dollar to be the best long-term currency to protect wealth. Coming from BlackRock, that's a strong endorsement.

Relatively unknown prior to the financial crisis, BlackRock advised a substantial group of "A-listers" on what to do during the collapse. The result is that BlackRock now counts itself as having the largest amount of funds under management. That's $1.307 trillion.

Asset manager behemoths like T. Rowe Price (Nasdaq: TROW), Franklin Resources (NYSE: BEN) and Morgan Stanley (NYSE: MS) must have been stunned to see this relative newcomer steal the top spot. And even though it's stock is listed at $205, BlackRock is just 4% below it's 2008 high.

So in review – they now have more assets under management, a stronger position than most of their competitors and yet they still are trading below their historical highs. Sounds like an undervalued company to us. Like the undervalued dollar, it's one to watch.