Why BlackRock's Rick Rieder says investors 'underestimate' active fixed income ETFs
Publishing timestamp: 2023-11-05 10:00:01
Summary
BlackRock's Chief Investment Officer of Fixed Income, Rick Rieder, believes that investors underestimate the potential of actively managed fixed income exchange-traded funds. He highlights the success of BlackRock's newest fixed income fund, BINC, which has outperformed its peers by taking advantage of current market opportunities. The fund's allocations are focused on non-U.S. credit and U.S. high yield credit, with a significant portion of holdings originating outside the U.S. Rieder emphasizes the advantage of active management in finding opportunities and avoiding weak areas in the fixed income market.
Sentiment: MIXED
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