2023-05-23 16:44:14 ET
Famed bond investor Rick Rieder is launching an exchange traded fund aimed at fixed-income investors. BlackRock’s chief investment officer of global fixed income will pilot the actively managed fund, which seeks to deliver long-term returns through investments in debt-related income-producing securities.
The fund, called the BlackRock Flexible Income ETF ( NYSEARCA: BINC ), is meant to provide access to harder-to-reach fixed income segments. This includes areas such as high yield, non-U.S. credit, emerging markets, asset backed securities, commercial mortgages, as well as investment grade utilities.
Here is a complete breakdown of the allocation BINC provides, according to information provided by BlackRock:
"Our core investment approach is simple: make a little bit of money a lot of times," said Rieder. " By staying active, agile, and well-diversified, the BlackRock Flexible Income ETF aims to capture historic opportunities across fixed income markets whenever and wherever they become available."
For reference, BINC is attached with a 0.40% expense ratio through June 30, 2025 where it than reverts to 0.50%.
BINC will also trade alongside the lineup of other BlackRock actively managed ETFs which include:
- BlackRock Ultra Short-Term Bond ETF ( ICSH )
- BlackRock Short Maturity Bond ETF ( NEAR )
- BlackRock Short Maturity Bond ETF ( MEAR )
- BlackRock Short Maturity Municipal Bond ETF ( HYMU )
- BlackRock AAA CLO ETF ( CLOA )
- BlackRock High Yield Muni Income Bond ETF ( INMU )
- BlackRock Floating Rate Loan ETF ( BRLN )
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For further details see:
BlackRock’s Rick Rieder pilots a new actively managed fixed income ETF