BlackRock launches multi-asset fund in Hong Kong

BlackRock, the world’s largest investment management corporation, has launched the BlackRock Global Funds – Dynamic High Income Fund (BGF-DHIF) in Hong Kong, three months after introducing it in Singapore.

BlackRock said in a statement yesterday the fund “seeks to broaden income sources for Hong Kong investors at a time when finding attractive traditional income has been challenging.”

The fund’s lead manager is Michael Fredericks who, together with Michael Fredericks, Justin Christofel and Alex Shingler, makes up the team of portfolio managers.

Andrew Landman, BlackRock’s Asia-Pacific head of client business, the team has a “solid track record” of managing more than $32bn of assets globally. He added: “We are delighted to bring BGF-DHIF to investors in Hong Kong as they address their income gap challenges.”

BlackRock said the fund looks to ensure a “balance between high-income and total return, while managing risk relative to a 70% equity-30% bond risk benchmark”.

According to Mr. Fredericks, the fund offers “a unique solution to investors looking to complement their existing portfolios with expanded sources of investment income,” with the flexibility to protect against market volatility.”

At the end of 2017, BlackRock, which is headquartered in the United States, recorded $6.29tn worth of assets under management.

Christopher Copper-Ind
Christopher Copper-Ind is Publisher and Editor of International Investment. His previous publishing experience focused largely on the Middle East and emerging markets, and he was Editorial Director of The Business Year, based in Istanbul, for three years before moving back to London in 2017. He is the author of How to Negotiate, to be published by Macmillan in 2019.

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