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Blackrock Multi-Asset Fund Increases Exposure to Short-Dated U.S Treasuries

(Reuters) BlackRock’s Global Multi-Asset Income Fund has increased exposure to short-dated U.S. government bonds as a hedge against heightened volatility, portfolio manager Michael Fredericks said on Monday. Fredericks, who oversees over 27 billion euros in assets under management, said in a note that rising interest rates provide better risk/reward opportunities but the multi-asset fund remains focused on taking “prudent” amounts of risk.

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