BlackRock has launched a new global securitised fund, targeting investment-grade assets across developed markets.
The BGF Securitised Fund will invest across residential mortgage-backed securities, asset-backed securities, collateralised loan obligations and commercial mortgage-backed securities.
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“Securitised assets can offer attractive yields and lower sensitivity to interest rate changes compared to corporate bonds, making them an appealing option for investors seeking diversification away from traditional fixed income asset classes,” said Kate Galustian, head of the EMEA and Australia securitised assets team at BlackRock and co-portfolio manager.
The fund will invest globally across markets including the US, Europe, the UK, and Australia, according to BlackRock.
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The US-based asset manager currently oversees $158bn (£120.8bn) in securitised strategies within its $1.2tn global fixed income platform, which forms part of its overall $12.5tn in assets under management.
“We are delighted to collaborate with BlackRock to help design and launch this fund,” said Chris Helyar, investment partner at consultancy Lane Clark & Peacock.
“An allocation to securitised assets can provide clients with an attractive yield premium relative to corporate credit, alongside additional portfolio diversification.”
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