BlackRock launches global bond income fund following '180-degree turn' in economic environment

Seeded with $75m, the fund aims to deliver an attractive level of current income by investing across global bond markets, while achieving growth through capturing strong performance across the credit cycle. The fund is managed by CIO of global fixed income, Rick Rieder, who will be supported by senior fixed income managers, all of whom have the ability to invest across the entire global bond universe. This includes difficult to access asset classes, countries and securities such as high yield and investment grade credit, securitised assets and EMD. The flexibility of the fund means th...