A sub-fund of BlackRock Strategic Funds

BlackRock Global Event Driven Fund

Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.

 


100-150%

Flexible long market value
Source: BlackRock, as at 30 April 2019.

30-60

Ideas in the portfolio
Source: BlackRock, as at 30 April 2019.

Uncorrelated, diversified

Source of alpha

100-150%

Flexible long market value
Source: BlackRock, as at 30 April 2019.

30-60

Ideas in the portfolio
Source: BlackRock, as at 30 April 2019.

Uncorrelated, diversified

Source of alpha

Key Features

Uncorrelated alpha across market cycles


Uncorrelated alpha across market cycles

In the face of rich equity valuations and heightened geopolitical uncertainties, investors may need to consider alternative solutions to further diversify their portfolios. Due to the idiosyncratic nature of corporate events, event-driven strategies are designed to generate absolute returns in both up and down markets with limited correlation to other asset classes, seeking to provide investors with a stable, core building block for their portfolios.

The BlackRock Global Event Driven Fund invests across a wide spectrum of corporate catalysts, including mergers and acquisitions, spin-offs, restructurings and management changes. It invests predominantly in equity, but incorporates select credit opportunities. Our experienced team blends deep fundamental and strategic analysis on each investment with sophisticated risk controls to build a robust portfolio focused on generating consistent, uncorrelated alpha across market cycles.

Capital at risk: The value of investments can go up and down. You may get back less than you invested.

Exploit the full spectrum of transformative corporate event


Exploit the full spectrum of transformative corporate event

With over US$100bn of direct transaction experience, the investment team brings an ‘inside the boardroom’ perspective. This insight, coupled with deep fundamental and strategic approach, allows the team to invest in a wider range of transformative corporate events. Portfolio positioning across the corporate catalyst spectrum, from harder to softer catalysts, is dynamically managed based on the bottom-up opportunity set as well as overall market environment.

RISK: There is no guarantee that a positive investment outcome will be achieved.

Diversifed source of alpha


Diversifed source of alpha

Hedged approach and sophisticated risk controls at both the position and portfolio level are designed to promote an uncorrelated return profile. The Fund has a flexible mandate to invest across sectors, geographies, and market capitalisations allowing the team to exploit risk-adjusted return opportunities.

RISK: Investment strategies employed by the manager may affect the risk profile of the Fund, as both positive and negative share movements affect the overall value of the Fund. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Funds.

Seasoned investment team


Seasoned investment team

An experienced team with proven ability to generate alpha across bull, bear, and volatile markets. The team leverage the collective intelligence of sector and industry specialists across over 120 global investment teams. First-rate access to company management elevates discussions and drives alpha.

Capital at risk: The value of investments can go up and down. You may get back less than you invested.

Risks

Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. You may not get back the amount originally invested. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.

Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Fund-specific risks

Exchange rate risk: Overseas investment will be affected by movements in currency exchange rates.

Emerging market risk: Emerging market investments are usually associated with higher investment risk than developed market investments. Therefore the value of these investments may be unpredictable and subject to greater variation.

Credit Risk: The Fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due.

Liquidity risk: The Fund’s investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the Fund may not be able to realise the investment at the latest market price or at a price considered fair.

Long/Short Fund: Investors in this Fund should understand that the Fund is not guaranteed to produce a positive return and as an absolute return product, performance may not move in line with general market trends or fully benefit from a positive market environment. The Manager employs a risk management process to oversee and manage derivative exposure within the Fund.

Derivative Risk & Complex Derivative Techniques: The Fund utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund.

MKTGH0819E-925742-1/6