BlackRock, the world’s largest asset manager, has filed with the Securities and Exchange Commission to introduce the BlackRock Total Return ETF, an actively managed fund aiming to outperform the Bloomberg U.S. Aggregate Bond Index. This ETF, managed by Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, follows the success of the BlackRock Flexible Income ETF (BINC), which was launched in May. With over $2.42 trillion in assets under management across 421 ETFs, BlackRock continues to meet investor demand for actively managed funds. The BlackRock Total Return ETF will primarily invest in a diversified portfolio of fixed-income securities, including corporate bonds, mortgage-backed securities, and government obligations. It mirrors the same index as its mutual fund counterpart, the BlackRock Total Return Fund (MAHQX), and seeks to leverage the benefits of ETFs, such as competitive fees and ease of investing, compared to traditional mutual funds.
BlackRock Files for Launch of New Active Fixed Income ETF
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BlackRock, the world’s largest asset manager, has filed with the Securities and Exchange Commission to introduce the BlackRock Total Return ETF, an actively managed fund aiming to outperform the Bloomberg U.S. Aggregate Bond Index. This ETF, managed by Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, follows the success of the BlackRock Flexible Income ETF (BINC), which was launched in May. With over $2.42 trillion in assets under management across 421 ETFs, BlackRock continues to meet investor demand for actively managed funds. The BlackRock Total Return ETF will primarily invest in a diversified portfolio of fixed-income securities, including corporate bonds, mortgage-backed securities, and government obligations. It mirrors the same index as its mutual fund counterpart, the BlackRock Total Return Fund (MAHQX), and seeks to leverage the benefits of ETFs, such as competitive fees and ease of investing, compared to traditional mutual funds.