Equity, credit derivatives aided BlackRock funds in March

Flagship Strategic Income Opportunities fund posted $253 million in net derivatives gains at height of Covid crunch

Twelve fixed income mutual funds managed by BlackRock recorded $134 million of net gains on derivatives in March, at the height of the coronavirus crisis. Equity derivatives gained the most that month, netting the funds $123 million.

Risk Quantum analysed the quarterly portfolio filings of 12 BlackRock fixed income funds that all submitted data for the three months ending March 31.

Aggregate realised derivatives gains for March totalled $223 million. Unrealised losses on these positions

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