02937BR BGF FIGO Brochure - BlackRock

More documents

Recommendations

Info

Strong Emphasis on Risk Management Flexibility within a controlled risk framework The BGF Fixed Income Global Opportunities Fund provides an alternative to traditional benchmark-oriented strategies through a flexible and diversified, long-only global fixed income strategy. The Fund does not employ hedge fund investment techniques – no leverage or net shorting is allowed – and operates within specific guideline constraints for duration, credit, country/currency and aggregate ex-ante portfolio risks. The Fund’s risk profile will vary to reflect market opportunities and the degree of conviction of the portfolio management team. Aggregate ex-ante risk is limited to 150% of the risk of the Lehman Global Aggregate USD Index (unhedged). The success of the Fixed Income Global Opportunities strategy in operating within a controlled-risk environment is illustrated in the chart below. Annualised ex-ante volatility % 12 10 8 6 4 2 0 Jan-07 Source: BlackRock 150% of Lehman Global Aggregate USD Index, Unhedged 10-Year US Treasury Apr-07 Jun-07 Sep-07 Nov-07 Lehman Aggregate Index, Unhedged BlackRock Fixed Income Global Opps (actual) Jan-08 Apr-08 Our aims are simple: To achieve consistent results while avoiding unwanted surprises. To employ sophisticated risk management tools to understand the positions taken in our portfolios. To use global connectivity to allow our investment professionals to share information 24 hours a day, 7 days a week. A proven investment approach BlackRock utilises a two-level decision making process in the construction of its fixed income portfolios. Our Investment Strategy Group (ISG) is tasked with the oversight of the portfolios, adhering to a rigorous analytical process that takes into account macroeconomic, market and credit trends. Sector specialist portfolio managers then identify opportunities within each market consistent with ISG themes. Lead portfolio managers construct a diversified portfolio of strategies designed to provide the best return profile across the global fixed income universe. “Since our founding in 1988, the hallmark of BlackRock’s process has been the application of risk-controlled strategies based on rigorous quantitative analysis, combined with the judgment of experienced professionals. For our fixed income clients, this has translated into portfolio strategies that avoid taking large exposures to macro interest-rate factors (duration) and instead, focus on multiple smaller positions based on our assessments of relative value.” Peter Fisher, Co-head of Fixed Income
A Global Leader in Fixed Income At BlackRock, we offer an array of fixed income products designed to meet a variety of client risk/return profiles and add value in all market environments. Our success speaks for itself; in just under 20 years we have grown our assets to an impressive US$517 billion † , making BlackRock the secondlargest fixed income manager in America. Top 10 fixed income managers, based on AUM † 1 Allianz Global Investors of America 2 BlackRock 3 Legg Mason 4 Barclays Global Investors 5 Prudential Financial 6 AIG Global Investment Group 7 Goldman Sachs Group 8 AXA Group 9 Vanguard Group 10 Fidelity Investments †Source: Institutional Investors America’s Top 300 Money Managers 2007. Data as at 31 December 2007. This information is published yearly by the Institutional Investor Research Group, which develops detailed analysis of Institutional Investor Research Group, which develops detailed analysis of Institutional Investor magazine’s published research team rankings covering the U.S., Europe, Asia and Latin America. Scott Amero is Vice Chairman and Global Chief Investment Officer of Fixed Income and has oversight for all BlackRock fixed income assets. Scott has been with BlackRock for 18 years and co-headed fixed income for much of this time prior to becoming Global CIO. He is joined by Peter Fisher, co-head of the Fixed Income Portfolio Management group. The Team resource includes over 150 fixed income professionals (including 100 portfolio managers and 50 credit/research analysts). 69 of our portfolio managers have a decade or more of investment experience, operating from offices strategically located around the globe. We believe that we have the best and most experienced minds in the industry working for you. Fixed income investment centres London New York Princeton Sydney Tokyo † As of 31 December 2007. World class risk management BlackRock is a market leader in the provision of risk management solutions and has earned international recognition for its rigorous approach to risk management. BlackRock has always focused on the need to assess security and portfolio-level risks to ensure strict adherence to risk management and compliance guidelines. We employ 340 risk management and technology professionals to generate the best analytics in the industry. Over the years, we have developed an integrated suite of investment management tools which we began offering to external clients back in 2000, under the BlackRock Solutions brand. Today, US$6 trillion assets are risk-managed using this technology. Fixed income assets split † Mortgages 25% Treasuries 15% Investment Grade Corporates 15% Non-$/Emerging Debt 13% Municipal 10% ABS 6% CMBS 9% Agencies 3% High Yield 3% Bank Loan 1% Other 1% BlackRock Solutions at a glance † Over 90 clients including several of the largest investment organisations in the world. 2+ million positions maintained and analysed. 160+ million option adjusted calculations per week. 8,000+ live portfolios.
Page 1 and 2: EQUITIES FIXED INCOME REAL ESTATE L
Page 3: Designed to Capture BlackRock’s B

02937BR BGF FIGO Brochure - BlackRock

Create successful ePaper yourself

Delete template?

Save as template?