BlackRock is set to cut the fees on sterling share classes of its $3.4bn Global Funds US Dollar High Yield Bond fund, following a review of the strategy.
Effective 24 November, the sterling-hedged version of the $3.4bn fund will see its annual management charge (AMC) fall ten basis points to 0.55%. Launched in October 1993, the strategy is co-managed...
The US dollar is close to peaking and the risks now seem to be on the downside.
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