Fixed Income  

BlackRock to launch strategic bond fund

BlackRock to launch strategic bond fund

BlackRock is planning to launch a strategic bond fund to be run by manager Ben Edwards, Investment Adviser understands.

Mr Edwards, who runs the £377m BlackRock Corporate Bond fund, has been managing a strategic bond paper portfolio together with fellow manager Simon Blundell.

The product is a UK-focused total return credit portfolio designed to generate income. It is set to be launched in the second quarter.

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It consists of global investment grade and higher quality high-yield bonds and has flexibility to add alpha through what the firm has described as “high-conviction best ideas generated by fundamental credit research”.

Mr Edwards’ original portfolio also holds a broad range of investments, courtesy of a strategic allocation to corporate high-yield and investment grade debt.

BlackRock declined to comment.