Investors are choosing bonds in record numbers – in 2023, global bond ETFs gathered an annual record of over $300 billion in flows with iShares leading with $113 billion. My guest today will explain why this will continue, as many investors are still significantly underweight to fixed income, with a 22% average allocation. You will hear why investors need to step out of cash and move faster into fixed income because, historically, the market has priced in rate actions long before they occur. Show ResourcesHere are some links to learn more about Steve and BlackRock: BlackRock Flexible Income ETF (BINC)BlackRock Total Return ETF (BRTR)iShares iBonds ETFsiShares High Yield Systematic Bond ETF (HYDB)iShares Core U.S. Aggregate Bond ETF (AGG)iShares Core Total USD Bond Market ETF (IUSB)iShares Broad USD High Yield Corporate Bond ETF (USHY)iShares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB)BlackRock AAA CLO ETF (CLOA) Learn all about the advantages of active strategies and how they are uniquely suited to the moment at VettaFi’s upcoming Active Management Symposium on May 16th. Go to etftrends.com/webcasts/alternatives-symposium-2024 to learn more.