BlackRock's Ben Edwards sticks to his BBB guns despite industry-wide fears

Ben Edwards, manager of the £917m BlackRock Corporate Bond fund, has maintained his 60% exposure towards BBB-rated bonds despite fears of a downturn that could result in investment grade vehicles falling to 'junk' status.

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Partner Insight: Markets hold steady amid uncertainty

Mike Riddell, portfolio manager of Fidelity Strategic Bond Fund, provides an overview of the macroeconomic environment and outlines his views across the strategy’s main alpha sources. Despite geopolitical tensions and economic concerns, market sentiment remains resilient, with short-lived volatility spikes and credit spreads rallying in recent weeks. Against this backdrop, he highlights why his highest conviction forex position is a short US dollar against a basket of emerging market currencies.

Mike Riddell, portfolio manager of Fidelity Strategic Bond Fund

22 July 2025 • 5 min read