BlackRock Global Long/Short Credit Absolute Return Credit
Access to Global Credit Markets is a Differentiator
Global investment landscape provides more access to over $15 trillion in credit opportunities
across the U.S., Europe and Asia
• GLSC does not have a home bias and seeks a minimum 40% exposure to non-U.S. markets (currency-hedged)
With portfolio managers, credit research analysts and traders based in the U.S., Europe, and Asia, resources provide
deep insight into local markets
Long/Short Exposure By Region
% of Notional Market Value
Longs
Shorts
120%
80%
40%
0%
-40%
-80%
-120%
2011
Europe
BLACKROCK
2012
North America
2013
Asia
2014
EM
Fund Net Credit Position
2015
Source: BlackRock, as of 3/31/18. Includes only credit positions and excludes all interest rate and currency hedges. Subject to change.
2016
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE GENERAL PUBLIC.
2017
USR0418U-470515-1498457
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