Latest news with #TomBecker
Yahoo
13 hours ago
- Business
- Yahoo
BlackRock Launches New Global Government Bond Hedged ETF
BlackRock launched a new exchange-traded fund Thursday designed to offer investors exposure to a globally diversified portfolio of government bonds. The iShares Global Government Bond USD Hedged Active ETF (GGOV) uses a currency hedge on the non-U.S. bonds that seeks to raise the yield on those exposures when the U.S. policy rates are elevated relative to their global counterparts, according to a press release. GGOV is managed by the BlackRock Tactical Asset Allocation team, and its benchmark index is the Bloomberg Global Treasury USD Hedged Index. The expense ratio is 0.39%. USD-hedged global government bonds have historically produced higher yields with lower volatility versus comparable U.S.-only bond indices, Tom Becker, lead portfolio manager of GGOV, said via the press release. BlackRock determined that this type of diversified global fixed-income exposure—particularly with a foreign exchange (FX) hedge where there is pure exposure to a diversified set of sovereign issuers across the world—would be an attractive access point for a lot of investors who have a large home bias, Becker told The firm saw that it could 'combine what would be a differentiated benchmark and starting point with a strong experience of delivering alpha for clients,' he said. There's also much more concern now about the size of the government deficits and inflation, Becker added. GGOV may help investors limit some of the risk they'd see with a portfolio of only U.S.-focused fixed-income investments. BlackRock's iShares global fixed-income ETF business hit the $1 trillion mark in September 2024 as the Federal Reserve's earlier rate hikes had investors turning to bonds. GGOV is joining BlackRock's $52 billion-plus U.S. active ETF platform. The world's largest asset manager is expecting the fixed-income ETFs overall to reach $6 trillion in assets under management by 2030, if not sooner, according to its annual outlook published in | © Copyright 2025 All rights reserved
Yahoo
2 days ago
- Business
- Yahoo
BlackRock Launches New Global Government Bond Hedged ETF
BlackRock launched a new exchange-traded fund Thursday designed to offer investors exposure to a globally diversified portfolio of government bonds. The iShares Global Government Bond USD Hedged Active ETF (GGOV) uses a currency hedge on the non-U.S. bonds that seeks to raise the yield on those exposures when the U.S. policy rates are elevated relative to their global counterparts, according to a press release. GGOV is managed by the BlackRock Tactical Asset Allocation team, and its benchmark index is the Bloomberg Global Treasury USD Hedged Index. The expense ratio is 0.39%. USD-hedged global government bonds have historically produced higher yields with lower volatility versus comparable U.S.-only bond indices, Tom Becker, lead portfolio manager of GGOV, said via the press release. BlackRock determined that this type of diversified global fixed-income exposure—particularly with a foreign exchange (FX) hedge where there is pure exposure to a diversified set of sovereign issuers across the world—would be an attractive access point for a lot of investors who have a large home bias, Becker told The firm saw that it could 'combine what would be a differentiated benchmark and starting point with a strong experience of delivering alpha for clients,' he said. There's also much more concern now about the size of the government deficits and inflation, Becker added. GGOV may help investors limit some of the risk they'd see with a portfolio of only U.S.-focused fixed-income investments. BlackRock's iShares global fixed-income ETF business hit the $1 trillion mark in September 2024 as the Federal Reserve's earlier rate hikes had investors turning to bonds. GGOV is joining BlackRock's $52 billion-plus U.S. active ETF platform. The world's largest asset manager is expecting the fixed-income ETFs overall to reach $6 trillion in assets under management by 2030, if not sooner, according to its annual outlook published in | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
BlackRock Expands Active ETF Platform with Launch of a Global Government Bond Hedged ETF
NEW YORK--(BUSINESS WIRE)--Today, BlackRock announced the launch of the iShares Global Government Bond USD Hedged Active ETF (NYSE: GGOV), the industry's first hedged government bond active ETF 1, designed to help investors access a globally diversified portfolio of government bonds. "USD-hedged global government bonds have historically generated higher yields with lower volatility compared to comparable US-only bond indices,' 2 said Tom Becker, Lead Portfolio Manager of GGOV. 'Through the convenience of the ETF wrapper, GGOV aims to deliver our durable active investment process with this differentiated global benchmark. We believe that GGOV will be an important tool for many US asset allocators in the current environment of elevated inflation, large budget deficits, and rising issuance.' The global diversification across sovereign issuers in GGOV may help investors mitigate the rising exposures and risks of long dated US Treasuries within many fixed income allocations. GGOV uses a currency hedge on the non-US bonds that seeks to raise the yield on those exposures when US policy rates are elevated relative to global peers and aims to lower overall portfolio risk. Managed by the BlackRock Global Tactical Asset Allocation team, the Fund seeks to offer a more diversified alternative to conventional US-centric bond allocations and provides a similar combination of systematic and discretionary active management found in the BlackRock Tactical Opportunities Fund (PBAIX). The investment process leverages the team's macroeconomic expertise and proven alpha generation across $50B in global assets. GGOV combines the best of BlackRock's active investment insights with the convenience and transparency of an ETF and joins BlackRock's over $52 billion US active ETF platform and $1 trillion global bond ETF franchise 3. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit | Twitter: @blackrock | LinkedIn: About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and $4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. Disclosures Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. The Fund is actively managed and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index. Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in the value of debt securities. Credit risk refers to the possibility that the debt issuer will not be able to make principal and interest payments. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries. The Fund's use of derivatives may reduce the Fund's returns and/or increase volatility and subject the Fund to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. The Fund could suffer losses related to its derivative positions because of a possible lack of liquidity in the secondary market and as a result of unanticipated market movements, which losses are potentially unlimited. There can be no assurance that the Fund's hedging transactions will be effective. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes than the general securities market. There is no guarantee that interest rate risk will be reduced or eliminated within the Fund. Diversification and asset allocation may not protect against market risk or loss of principal. Buying and selling shares of ETFs may result in brokerage commissions. The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any strategies discussed will be effective. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Similarly, the material does not constitute, and should not be relied on as, legal, regulatory, accounting, tax, investment, trading or other advice. Any financial, tax, or legal information contained herein is included for informational purposes only. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, 'BlackRock'). © 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
