BlackRock listed a new actively managed fixed income ETF on the London Stock Exchange on 6 March 2026. The iShares € Flexible Income Bond Active UCITS ETF (Hedged GBP Accu) gives investors access to a diversified bond portfolio with significant allocation capacity to higher-yielding segments.
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Article created by the editorial staff of ETFWorld.co.uk
Annemarie Stephenson Co-Head iShares UK Asset Manager Sales at BlackRock
Fund structure and investment approach
The fund carries the ISIN IE000R1X43G7 and a total expense ratio of 0.42 per cent. It adopts an active management strategy with no benchmark constraint, though investors may use the Bloomberg Euro Aggregate Bond Index for performance comparison purposes.
The investment manager has discretion to select securities globally across government, corporate, agency, and supranational issuers. The fund can invest in developed and emerging markets, including asset-backed securities. A key structural feature is the ability to allocate up to 60 per cent of assets to non-investment grade and unrated securities, providing flexibility to pursue income across the credit spectrum.
The portfolio follows an ESG policy detailed in the prospectus. The manager may use financial derivative instruments including futures, options, forwards, swaps, and mortgage TBAs for direct investment or efficient portfolio management.
Currency and share class details
This particular share class is sterling-denominated and hedged, aiming to reduce the effect of exchange rate movements between sterling and the fund’s underlying euro-denominated portfolio. Currency hedging uses FX forward contracts and other derivatives, though the strategy may not completely eliminate currency risk.
The shares are accumulating, meaning income is retained within the fund and reflected in the share price. The fund’s base currency is euro, creating a currency differential that the hedging strategy addresses.
iShares led European ETF issuers for the week with €1.89 billion in net inflows across its product range .
The Bloomberg Euro Aggregate Bond Index has delivered a 2.0 per cent return over the past year but negative 1.5 per cent annualised over five years, with a 15.4 per cent decline in 2022 representing the worst annual performance in the past decade and a half .
Distribution and trading
Authorised participants and select financial institutions may deal directly with the fund. Other investors can trade shares daily on the London Stock Exchange through intermediaries. Indicative net asset values are published on relevant stock exchange websites.
The fund is suitable for medium to long-term investment, though the prospect notes it may also suit shorter-term exposure.
| Product Name | iShares € Flexible Income Bond Active UCITS ETF (Hedged GBP Accu) |
| ISIN | IE000R1X43G7 |
| SEDOL | BSBJFR3 |
| Currency | GBP |
| Management Fee | 0.42% |
Source: ETFWorld.co.uk
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