BlackRock launches short-duration EM bond fund

Sergio Trigo Paz is lead manager

BlackRock has launched an emerging market (EM) short-duration bond fund in recognition of the growing need to mitigate interest rate risk.

Sergio Trigo Paz is named lead portfolio manager of the BlackRock Emerging Markets Short Duration Bond fund, with Michal Katrencik and Michal Wozniak as co-managers. The fund will invest in a broad range of short-duration bonds spanning different sectors and countries globally.  It has been designed with the flexibility to allocate across sovereigns, corporates and local currency bonds with an average duration of no more than three years. Trigo Paz, who is also global head of emerging markets fixed income at the group, said EM exposure has gone from a "nice-to-have to a must-have" ...