BlackRock is launching a second exchange-traded fund actively managed by the firm’s chief investment officer of global fixed income Rick Rieder, an ETF with a strategy similar to his total return mutual fund. The new BlackRock Total Return ETF, a diversified core bond fund that will begin trading Thursday under the ticker BRTR, follows the May launch of Rieder’s actively managed BlackRock Flexible Income ETF
BINC.
“I’ve been pretty blown away by the growth of ETF demand,” Rieder said in a phone interview. Actively managed ETFs are a fast-growing area of the almost $7.8 trillion U.S.-listed exchange-traded fund industry, taking in 21% of all inflows this year, according to CFRA Research’s head of ETF data and analytics Aniket Ullal. That’s despite representing a relatively small portion of the U.S. industry’s overall assets at just 6.1%, an email from Ullal shows. The active BlackRock Total Return ETF, which is benchmarked to the Bloomberg US Aggregate Bond Index, is run by Rieder, David Rogal and Chi Chen — the same trio of portfolio managers for the firm’s total return mutual fund MPHQX. Investors like ETFs in part for their ease of trading and tax efficiency, with BlackRock providing people a choice, said Rieder. Meanwhile, the actively managed BlackRock Flexible Income ETF, which may invest in debt glob …
Article Attribution | Read More at Article Source
BINC.
“I’ve been pretty blown away by the growth of ETF demand,” Rieder said in a phone interview. Actively managed ETFs are a fast-growing area of the almost $7.8 trillion U.S.-listed exchange-traded fund industry, taking in 21% of all inflows this year, according to CFRA Research’s head of ETF data and analytics Aniket Ullal. That’s despite representing a relatively small portion of the U.S. industry’s overall assets at just 6.1%, an email from Ullal shows. The active BlackRock Total Return ETF, which is benchmarked to the Bloomberg US Aggregate Bond Index, is run by Rieder, David Rogal and Chi Chen — the same trio of portfolio managers for the firm’s total return mutual fund MPHQX. Investors like ETFs in part for their ease of trading and tax efficiency, with BlackRock providing people a choice, said Rieder. Meanwhile, the actively managed BlackRock Flexible Income ETF, which may invest in debt glob …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]