American asset manager BlackRock has expanded its fixed income suite with a new global fund.
The new BlackRock Global Funds (BGF) Global Bond Income Fund is part of the asset manager’s multi-sector fixed income platform, which offers aggregate, government, corporate and flexible bond strategies.
Go deeper with GlobalData
It will offer exposure to sovereign, corporate, high yield and emerging market debt, and securitised assets.
The fund’s typical duration will be over two years, though the broad duration flexibility stands at zero to 10 years.
BlackRock head of EMEA retail Michael Gruener said: “Globally, we are witnessing persistent investor demand for income – and demographic shifts suggest this need will only continue to grow.
“Through its flexible approach to fixed income investing and focus on higher yielding securities, the BGF Global Bond Income fund helps unlock the income opportunities that we believe investors are looking for.”
The new vehicle will be run by BlackRock CIO of global fixed income Rick Rieder, with assistance from the firm’s senior fixed income managers.
“Applying a flexible, go anywhere approach to fixed income provides investors with access to a wider and more diverse set of investment opportunities. Without the limitations imposed by a traditional broad-market benchmark, the Fund is able to invest across the entire global fixed income opportunity set, including those asset classes, securities and countries that are often hard to reach,” Rieder noted.
