A sub-fund of BlackRock Global Funds (BGF)

Euro Short Duration 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.

Euro Exposure with
duration management

The BlackRock Euro Short Duration Bond Fund aims to maximise the return on investment through a combination of capital growth and income. The Fund invests in primarily in Euro bonds taking a short duration approach, which aims to protect portfolios from inflation risk and generate some additional income in a low yield environment.

As market volatility continues to deepen, the dispersion of returns between individual countries and sectors in the Eurozone, have created a fertile environment for active, relative value strategies like our Euro Short Duration Bond Fund.

Diversification & Risk Management
Diversification & Risk Management
Diversification and comprehensive risk management mean no single factor or security can risk overall performance.
Selective Credit Quality Selection
Selective Credit Quality Selection
Focus on investment-grade, rather than exposure to lower quality credit in search of yield should reduce credit risk & volatility.

The Euro Short Duration Bond Fund is co- managed by BlackRock's Michael Krautzberger who heads up the Pan European Fixed Income team, and Christopher Allen whose service with the firm dates back to 2004.

Risks: While the investment approach described herein seeks to control risk, risk cannot be eliminated. Diversification and asset allocation may not fully protect you from market risk.

Michael Krautzberger
Managing Director
Head of Blackrock’s Pan-European Fixed Income Team
Christopher Allen
Managing Director
Portfolio Manager & co-head of Global Inflation Linked Portfolios

Fund Specific risks

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

Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.

Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

Interest Rate Risk: Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Non-investment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of perceived risk.

Structured credit products: The Fund may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.