BlackRock has changed the name and investment objective of its Global Bond fund, managed by Scott Thiel, who will also gain two co-managers.
The £33m fund will be renamed BlackRock Fixed Income Global Opportunities fund to reflect the changes to its investment policy and objective. The fund will now be managed based on the group's existing Fixed Income Global Opportunities (FIGO) investment strategy, which includes removing the benchmark and following an unconstrained approach. The portfolio will be able to invest in a wider range of instruments, including non-investment grade bonds and bonds denominated in foreign currencies, with currency exposure hedged back to sterling. The new objective of the fund will be to achie...
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