Industry Veterans Launch BondBloxx Investment Management, the First ETF Issuer Focused Exclusively on Fixed Income
MILL VALLEY, Calif., October 7, 2021 / PRNewswire / – Today, an industry-leading team of financial market veterans announced the launch of BondBloxx Investment Management (BondBloxx), the first ETF issuer focused solely on the needs of bond investors.
Innovations in bond market pricing and trading technology will enable BondBloxx to provide ETFs with more precise exposures within fixed income asset classes. BondBloxx ETFs will allow investors to diversify and manage risks related to credit quality, maturity and industry sector.
“The bond market is changing, with innovations in price transparency and electronic trading that have paved the way for a radical change in the evolution of fixed income ETFs,” said the founder Leland clemons. “The BondBloxx team understands the power and potential of ETFs to improve investment results with greater transparency, increased liquidity and lower costs.
The US bond ETF market has grown sevenfold over the past decade and is expected to reach 2,000 billion dollars by 20241. Bond markets have historically been less transparent and accessible, resulting in the creation of fewer fixed income ETFs; there are around 400 bond ETFs listed in the United States, compared to over 1,700 equity ETFs2.
“Providing fixed income ETFs can be difficult given the differences in market structure and price transparency,” said the co-founder Joanna gallegos. “But bond markets are changing and this team is particularly focused on creating new products designed to deliver the benefits of ETFs to fixed income investors. Our goal is to put fixed income ETFs on a par with equities by offering investors products that allow more precise portfolio construction in the major asset classes of the bond market. “
BondBloxx was founded by a team of industry veterans who have been at the forefront of some of the largest and most innovative fixed income and ETF products available today:
- Leland clemons, formerly Head of Fixed Income and Derivatives, Tradeweb Europe; Global Head of Markets and Investment Strategy, BlackRock iShares
- Joanna gallegos, formerly Head of Global ETF Strategy, JP Morgan; Head of ETF Product Management, BlackRock iShares
- Elya Schwartzman, formerly Senior Portfolio Manager, BlackRock; Senior Portfolio Manager, State Street Global Advisors
- Marc Miller, formerly Head of Institutional Sales for the Americas, HSBC; Head of Fixed Income ETF Sales, BlackRock iShares
- Brian O’Donnell, formerly Head of Sales and Strategy for Funds and Managed Accounts, Northern Trust; Head of US Cash Sales, BlackRock
BondBloxx has filed a prospectus with the SEC with proposed details of its initial product offerings.
About BondBloxx Investment Management, LLC
BondBloxx Investment Management is the premier ETF issuer focused solely on the needs of fixed income investors. BondBloxx will seek to design and launch ETFs that offer precise market exposures to fixed income asset classes. For more information, visit BondBloxxETF.com.
BondBloxx Investment Management LLC is newly formed and is not yet registered as an investment advisor with the Securities and Exchange Commission.
This will not constitute or serve as an offer to sell any products or services in any country or jurisdiction by BondBloxx Investment Management. For informational purposes only. All information is given in good faith and without guarantee and should not be construed as investment advice or an offer of collateral to sell.
1 BlackRock sees bond ETF assets skyrocket at 2,000 billion dollars by 2024
2 ETF Directory