
2026 | 2020
- The fund seeks to maximise total return by investing at least 70% of its assets in fixed income securities denominated in various currencies, issued by governments, agencies and companies worldwide, including non-investment grade securities.
- The team combines top-down macro views with bottom-up sector and security research, allocating dynamically across rates, credit, securitised assets, emerging markets and currencies based on expected return, carry, valuation and downside risk.
- The fund is benchmark agnostic, using the Bloomberg Global Aggregate Bond Index (USD Hedged) as a performance comparator only. Duration is actively managed within -2 to +7 years, with below investment grade exposure capped at 70%.
- As of 31 March 2026, the fund held 4,066 securities with an effective duration of 3.23 years and a yield to maturity of 5.54%.
- The team maintains a defensive, carry-focused positioning, favouring securitised assets and shorter-to-intermediate duration, while staying selective in high yield and emerging markets amid ongoing geopolitical and inflation uncertainty.
Fund Investment Style


Source: Bloomberg Finance L.P., iFAST
Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026
|
Recommended fund |
3-year Annualised return |
3-year Maximum drawdown |
3-year Downside deviation |
3-year Risk-return ratio |
|
4.6% |
-8.5% |
1.9% |
1.08 |
|
|
Peer Average |
4.2% |
-14.2% |
2.5% |
0.74 |
Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026
About the Fund Managers
BGF Fixed Income Global Opportunities Fund's Portfolio Management team is led by Rick Rieder, Russell Brownback, Aidan Doyle, Max Huefner, and Jose Aguilar. Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, heads the overall strategy, while the team is supported by dedicated specialists across macro positioning, credit, and rates. Brownback leads Global Macro Positioning for Fixed-Income, Doyle covers macro directional and relative value strategies within the Global Bond Team, Huefner heads Global Credit and European Investment Grade, and Aguilar heads European High Yield Credit.
The team invests across the full spectrum of fixed income securities globally, including non-investment grade debt, with currency exposure flexibly managed to capture opportunities across markets and market conditions. Team size and a formally documented investment philosophy for the fund were not available in the sources reviewed and would need to be confirmed directly with BlackRock.

