Given the volatility of equity markets, many investors are on the lookout for new fixed-income opportunities. As such, fixed-income exchange-traded funds (ETFs) have grown in popularity as investors have increasingly added them to their portfolios.
For insight on the expanding use of these vehicles, among other trends, we recently spoke with Bill Ahmuty, who is managing director and head of the SPDR Fixed Income Group at State Street Global Advisors, to get his perspective.
What follows is a lightly edited transcript of our discussion.
CFA Institute: What is the relative size of the