Fixed Income

BlackRock offers an array of fixed income strategies designed to meet a variety of client risk/return profiles and to add value in all market environments. Our fixed income investment philosophy emphasizes a globally integrated approach to information sharing and risk management. We follow a disciplined investment process that seeks to add value through: (1) relative value asset allocation, sector rotation, and security selection; (2) rigorous quantitative analysis and valuation of each security and portfolio as a whole; and (3) intensive credit analysis and review. We do this while controlling portfolio duration within a narrow band relative to a benchmark index, where applicable, leveraging the judgment and experience of our investment professionals. Each Portfolio Team is independently accountable for asset allocation and portfolio construction, and each Investment Team is responsible for research, analysis, security selection, and execution. We manage $539 billion in fixed income assets as of 30 September 2009.