Fixed Income  

BlackRock launches macro-driven global bond fund

BlackRock launches macro-driven global bond fund

BlackRock has launched a multi-currency global bond fund as it seeks to tap demand for diversified fixed income exposure.

The BlackRock Global Funds (BGF) Strategic Global Bond offering will focus on “delivering alpha via macro-driven fixed income opportunities worldwide”, taking in areas including rates and foreign exchange in emerging and developed markets.

Scott Thiel, deputy chief investment officer for fixed income and one of the fund’s managers, said the launch follows demand for global macro liquid funds.

Article continues after advert

He added: “Highly accommodative monetary policy has artificially boosted bond markets with yields on higher-quality bonds continuing to decline.

“However, there are opportunities for active managers to identify sources of added value by capitalising on global opportunities and macroeconomic trends.”

A five-strong portfolio management team will assess risk using some 4,000 factors for the fund, whose D share class has an ongoing charges figure of 0.7 per cent.

This offering is the fifth fund in BlackRock’s GBF range.

Its introduction follows the launch of the BlackRock Sterling Strategic Bond fund - which is not in the same range - earlier this year.