NEW YORK The BlackRock Strategic Income Opportunities Fund (BASIX.O) managed by closely watched investor Rick Rieder cut all of its net exposure to the euro, Japanese yen and British pound in February, according to a BlackRock Inc (BLK.N) report on Tuesday.
The nearly $30 billion mutual fund, which has wider latitude than most bond funds in choosing among fixed-income investments, lifted its net exposure to the U.S. dollar from about 80 percent at the end of January to 100 percent at the end of February.
13:08 ECB Extends Bond-Buying at Reduced Pace Until End of 201711
09:49 Intesa to provide bulk of funds to Glencore for Rosneft deal: sources20
18:13 Doctor under fire for letter allegedly asking patients to fund retirement12
00:25 Cambridge Fire: Neighborhood Burning, 10th Alarm Struck, Dozens Displaced [VIDEO]19