The BlackRock Global Funds Strategic Global Bond Fund is an actively managed multi-currency global bond fund with a focus on delivering alpha via macro-driven fixed income opportunities worldwide, including interest rate products and foreign exchange across emerging and developed markets.
Allocations to different securities are evaluated and sized relative to a customised benchmark, which consists of 80% Barclays Global Aggregate Index (unhedged) and 20% emerging markets exposure.
The annual management charge of the fund’s D share class is 0.50%, and ongoing charge fee is 0.70%.
The five-strong portfolio management team employ a comprehensive risk management approach, assessing portfolio risk across 4,000 unique risk factors.
An open-ended investment company, BlackRock Global Funds (BGF) was established, and is domiciled, in Luxembourg. Available for sale in certain jurisdictions only, the BGF is not available for sale in the US or to US persons.
Challenging market
Scott Thiel, deputy chief investment officer fixed income at BlackRock and one of the fund’s portfolio managers, said: “The challenges facing global bond investors are greater than ever.
“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.
“We hear from many investors that they want global macro, liquid strategies that can take advantage of the divergence in performance across different markets. We’ve launched this fund in response to this demand,” Thiel said.
