Fixed Income Strategies

Flexible strategies

• Flexible approach to asset allocation
• No benchmark, maturity or geographic constraints with duration flexibility
• Risk-aware process
Contact our fixed income team Contact our fixed income team

Overview

  • 01

    Unconstrained fixed income strategies have the potential to navigate nimbly across sectors to optimize for attractive yield and returns, while managing for downside risk. Our approach to unconstrained fixed income is to seek consistent, attractive risk-adjusted returns across all market environment.

  • 02

    Unconstrained fixed income is not tied to a benchmark and has no constraints regarding maturity, sector or geography. Thus, unlike traditional bond strategies, this approach has the flexibility to actively manage duration and access a broad fixed income opportunity set.

  • 03

    Unconstrained fixed income targets attractive opportunities beyond traditional core bonds, maintaining a similar risk profile through diversification. It avoids concentrated positions and can adopt defensive or opportunistic strategies to navigate changing market conditions.

Our investment process

Portfolio construction Research Risk management
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Portfolio construction

Flexible solutions are not tied to a specific benchmark. Instead, portfolio managers seek to build a portfolio of diversified exposures, dynamically adjusting positioning to help enhance returns and mitigate risk in constantly changing market environments. The flexibility allows the team to efficiently budget risk to the most robust risk-adjusted return sources. Portfolio construction involves implementing a top-down view that drives geographic and sector allocations as well as duration positioning. Sector specialists, in turn, draw on their knowledge and relationships to implement security selection decisions. The team can also implement macro hedges as well as relative value expressions to mitigate risks, provide uncorrelated sources of return, increase diversification, and smooth volatility.

Portfolio managers

Rick Rieder
Rick Rieder
Senior Managing Director, CIO of Global Fixed Income, Head of Global Allocation Investment Team
Russel Brownback
Russel Brownback
Managing Director, Global Fixed Income, Head of Global Macro Positioning for Global Fixed Income
David Rogal
David Rogal
Managing Director, Global Fixed Income, Head of Core and Core Plus Fixed Income Strategies, Head of Inflation Linked Strategies

Why BlackRock for fixed income?

BlackRock offers a comprehensive fixed income platform, managing assets across the entire Fixed Income spectrum – from public to private, fundamental & systematic, active & index – to help deliver value to our clients.
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More opportunities in fundamental fixed income

Core and Core Plus Multi-Sector Core and Core Plus Multi-Sector
Short Duration Short Duration
US Mortgage-Backed Securities US Mortgage-Backed Securities
US Investment Grade (IG) Credit US Investment Grade (IG) Credit
Emerging Markets Emerging Markets

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