BONDS / FIXED INCOME

Monthly Commentary: Multi-Asset Income Fund

Nov 14, 2024

A go-anywhere income solution

Improve your income potential with a tactical, unconstrained strategy that sources opportunities across geographies and asset classes. BlackRock Multi-Asset Income Fund takes a risk-first approach while seeking to deliver a consistently attractive yield.

Performance and positioning update

  • Global stock and bond markets were down in October. Overall, the fund delivered a negative return.
  • We added to quality U.S dividend stocks and investment grade U.S credit during the month. We reduced exposure to collateralized loan obligations (CLOs).

View fund commentary

The fund has delivered higher yield than global stocks or bonds

mai monthly

Source: Morningstar. Data as of 10/31/24 since strategy inception (11/28/11). Fund data based on Institutional share class. Other share classes will vary. Average fund yield shown is 30-day SEC yield as of 10/31/2024: 6.06% (subsidized); 5.94% (unsubsidized). Core bonds represented by Bloomberg U.S. Aggregate Bond Index. Global equities represented by MSCI World Index. Past performance is no guarantee of future results. Index performance shown for illustrative purposes. It is not possible to invest directly in an index. Must be preceded or accompanied by a prospectus.

Alex Shingler
Alex Shingler
Co-Head of Income Investing, Multi-Asset Strategies & Solutions
Alex Shingler, CFA, Managing Director, is co-head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions group. He is a portfolio manager for a number of income strategies including the Multi-Asset Income Fund, Dynamic High Income Fund, and Managed Income Fund.
Justin Christofel
Justin Christofel
Co-Head of Income Investing, Multi-Asset Strategies & Solutions
Justin Christofel, CFA, CAIA, Managing Director, is co-head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions group. He is a portfolio manager for a number of income strategies including the Multi-Asset Income Fund, Dynamic High Income Fund, Managed Income Fund, and Multi-Asset Income model portfolios.

RELATED RESOURCES

Stay ahead of the markets

Uncover expert insights from BlackRock’s strategists and portfolio managers. Get the latest on the global economy, geopolitics, retirement, and other timely investment ideas.
Explore all insights Explore all insights

KEEP EXPLORING

Weekly market commentary Weekly market commentary
Education hub Education hub
The Bid podcast The Bid podcast

Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of dividends and capital gains. Current performance may be lower or higher than that shown. Refer to blackrock.com for most recent month-end performance.

To obtain more information on the fund, including the standardized average annual total returns as of the most recent calendar quarter and current month-end, please visit Multi-Asset Income Fund.