The BlackRock Fixed Income Global Opportunities fund has come to the UK.
The fund is free of benchmark constraints and operates within wide duration bands.
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It invests in a diverse range of instruments, including non-investment grade bonds and bonds denominated in foreign currencies, with currency exposure hedged back to sterling.
It uses a flexible, unconstrained strategy to invest in multiple geographies, credit ratings and sectors of the global credit market.
The minimum investment is £100,000
The annual management charge is 0.50 per cent and the ongoing charge is 0.64 per cent.
Scott Thiel, co-manager of BlackRock Figo, said: “As we continue to see central bank divergence play out across the globe, an unconstrained approach to fixed-income selection has never been more important.”
Kevin Morgan, managing director of Hertfordshire-based Consilium Financial Planning, said: “In the last three or four years there has been a tendency to ignore global markets for fixed income and to look closer to home, but the industry is starting to take more of a holistic approach, so this is timely.”