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The world’s largest asset manager is also seeking a head of blockchain investments.
BlackRock has indicated it is delving into the cryptocurrency business based on recent US Securities and Exchange Commission (SEC) filings in which the world’s largest asset manager has applied to include Bitcoin futures in two of its funds.
According to the filings, BlackRock is looking to add the Bitcoin investments to the BlackRock Global Allocation Fund and the BlackRock Strategic Income Opportunities Fund. The firm says in both filings that the funds “may engage in futures contracts based on Bitcoin” and that “the only Bitcoin futures in which the funds may invest are cash-settled Bitcoin futures traded on commodity exchanges registered with the CFTC [Commodity Futures Trading Commission].”
These Bond Funds Might Offer Juicy Yields, and Unwelcome Surprises
Unconstrained bond funds can invest in just about anything, sometimes even stock, so good luck figuring out exactly where they put your money.
The 10-year Treasury is currently paying about 1 percent.Credit.Erin Schaff/The New York Times
By Tim Gray
Jan. 14, 2021
Investing in a so-called unconstrained bond fund is like that team-building exercise where you fall backward into someone’s arms: It can work, but it requires a lot of trust.
These funds prospect far more widely for their holdings than a typical core bond offering that might anchor a portfolio. They usually can buy bonds regardless of credit quality or country of issue. Often, they can also scoop up currencies, derivative and convertible securities, and even stock.