Only one holding in the BlackRock Continental European Income fund has cut its dividend in the three years since the fund launched, the managers said, as the environment for European dividends looks increasingly stable.
The number of new jobs created in the US in March has missed estimates but failed to dent investor optimism as US markets opened higher this afternoon.
US markets fell this morning after a surprising comment by US Federal Reserve chairman Janet Yellen that interest rates would rise in 2015.
Multi-asset managers are using setbacks such as that caused last week by unrest in Ukraine to increase their exposure to buoyant markets.
The US economy added 175,000 jobs in February, ahead of estimates and confounding fears that continued bad weather would hurt the employment recovery.
BlackRock's head of sterling bond portfolios, Ian Winship, has identified four main areas of concern for fixed income investors this year, and revealed ways they can negate the impact of any downturn.