34 min read
How Fixed-Income ETFs Transformed Bond Markets: Lessons from BlackRock’s Steve Laipply
BlackRock’s Steve Laipply traces the evolution of fixed-income ETFs, from their skeptical early reception to becoming a core liquidity and price-discovery tool across global bond markets.
Are bonds boring? That’s their reputation—and it’s a big part of why investors embrace them.
But Steve Laipply, global co-head of iShares fixed-income ETFs at BlackRock, thinks there’s also a lot more excitement to bonds than we give them credit for.
In this episode, Steve talks with Ben and Julie about:
- ETFs’ role in transforming investor access to bonds
- The value of bond ETFs in providing liquidity, transparency, and price discovery
- How fixed-income ETFs fared during the covid-19 market turmoil
- Recent innovations in the fixed-income space
You can listen to this and other episodes of the Big Picture in Practice podcast by Morningstar on all major streaming platforms.
