Pension
FACT BOX
MANAGER : Ben Edwards / LAUNCHED : 24 / 07 / 1995 / FUND SIZE : £ 907m / OCF : 0.57 %
CROWN RATING
able to provide stable long-term returns ,” they said . They attributed this to the size and skill of the analyst team at BlackRock tasked with understanding the creditworthiness of borrowers and assessing the value of bonds in different sectors . “ However , more recently there has been less evidence to suggest bondpicking is adding value and Edwards ’ broader calls on the direction of risk premia and interest rates have been weaker than expected ,” they added . BlackRock Corporate Bond has made 25.8 % over the past 10 years , compared with gains of 24.2 % from its ICE BofA Sterling Corporate & Collateralized index benchmark and 20 % from its sector . The fund is currently yielding 3.7 %.
Performance of fund vs sector and index over 10yrs
IA Sterling Corporate Bond ( 20.0 %)
ICE BofA Sterling Corporate & Collateralized ( 24.2 %)
BlackRock Corporate Bond ( 25.8 %)
60 % |
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50 % |
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40 % |
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30 % |
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20 % |
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10 % |
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0 % |
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-10 % |
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Jan13 |
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Jan21 |
Jan22 |
Source : FE Analytics
Issue 91 - January 2023 / 49 /