Blackrock Fixed Income Global Opportunities

A fixed income fund that invests in a broad range of bonds and fixed-income assets.

Overview

The Blackrock Fixed Income Global Opportunities fund is agnostic to any fixed income benchmark and hence invests globally across all fixed income markets. It is seen as a best ideas fund generated by the massive fixed income research team within Blackrock. The three portfolio managers are responsible for assessing the direction, the level and trajectory of global economic growth and inflation, then translating this into implications for fiscal and monetary policy and their subsequent implications for asset valuation and risk taking. This governs how they allocate risk to each fixed income team within the portfolio.

 

We like the fund for its unconstrained approach and its more defensive qualities when compared to peers. This gives us exposure to fixed income markets in the US and to segments of the market that are typically not covered by more traditional “flexible bond” managers, such as mortgages and structured credit.

Fund type: Asset class: Sector:
OEIC Bonds Flexible Bonds
EQ Model Portfolios currently holding this fund
Absolute Return
Best Ideas – Cautious
Best Ideas – Cautious Plus

Fund Manager: Rick Reider, Scott Thiel and Bob Miller

The fund is managed in a team based approach with over 150 individuals responsible for research across the various sectors and selection of individual securities. However, overall responsibility for allocation of risk rests with three key individuals as detailed below:

Rick Rieder, Managing Director, is BlackRock’s Chief Investment Officer of Fundamental Fixed Income, Co-head of Americas Fixed Income and a member of the Executive Committee of the firm-wide Alpha Strategy business. He is also a member of BlackRock’s Global Operating Committee. He joined Blackrock in 2009.

Scott Thiel, Managing Director, is BlackRock’s Deputy Chief Investment Officer of Fixed Income, Fundamental Portfolios, and Head of European and Global Bonds. He is a member of the Fixed Income Executive Committee and the EMEA Executive Committee. He joined Blackrock in 2002.

Bob Miller, Managing Director, is Head of the Multi-Sector Retail & Rates team within BlackRock’s Americas Fixed Income Group and a member of the Americas Fixed Income Executive Team. He is a portfolio manager of BlackRock’s Core Bond, Total Return and Strategic Income Opportunities Funds.

Fund Group: BlackRock

BlackRock is considered as the world largest asset manager in the world, with $4.72 trillion assets under management (as of June 2015). Founded in 1988 and widely recognised for its expertise in all asset classes, BlackRock Asset Management grew organically and by acquisitions such as Merrill Lynch Investment Managers in 2006 and Barclays Global Investors in 2009.

BlackRock employees over 1,800 investment professionals, and has a presence in 30 countries worldwide creating a truly global asset management business, with unrivalled access to local and national financial intermediaries.