Evolution of Fixed Income Markets with Phil Cichlar
15 January 2021
In this episode I speak with Phil Cichlar, Fixed Income Specialist for Jane Street about the evolution of fixed income markets, fixed income ETFs and the narrowing divide between retail and institutional investors.
Fixed Income ETFs Come of Age
ETFs are a democratizing vehicle for investors driving new levels of access and transparency into markets. This is true for equity and fixed income markets alike, but fixed income ETF adoption has seemingly been a longer road to travel. In 2020, fixed income ETFs experienced their greatest year yet, in terms of flows and investor adoption. With over $209 billion in net flows, fixed income ETFs captured approximately 43% of all net flows into ETFs.1
The story behind these figures is one of a market’s evolution and growing adoption of fixed income ETFs by institutions and individual investors alike. Phil has spent his career in the fixed income markets. In his role at Jane Street, Phil works primarily with institutions has seen how electronic trading, ETFs and portfolio trading are intersecting to help make fixed income markets much more accessible and transparent to individual investors.
Trend or Fad
Listen for Phil’s take on pandemic puppies, connected home fitness, and cryptocurrency.
Source: Morningstar Direct, data as of 4/1/2021.
Important Disclosure
This is a marketing communication. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.
This information originates from VanEck (Europe) GmbH, which has been appointed as distributor of VanEck products in Europe by the Management Company VanEck Asset Management B.V., incorporated under Dutch law and registered with the Dutch Authority for the Financial Markets (AFM). VanEck (Europe) GmbH with registered address at Kreuznacher Str. 30, 60486 Frankfurt, Germany, is a financial services provider regulated by the Federal Financial Supervisory Authority in Germany (BaFin).
The information is intended only to provide general and preliminary information to investors and shall not be construed as investment, legal or tax advice VanEck (Europe) GmbH, VanEck Switzerland AG, VanEck Securities UK Limited and their associated and affiliated companies (together “VanEck”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of VanEck. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results. Information provided by third party sources is believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Brokerage or transaction fees may apply.
All performance information is based on historical data and does not predict future returns. Investing is subject to risk, including the possible loss of principal.
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