After more than six years, the Fed decided to end its zero interest-rate policy and embark on its first rate hiking cycle in nearly a decade. We believe that rising rates are a sign of a strengthening, growing economy - and that for well-prepared investors, rising rates can signal opportunity.
Over the period covered by our study, investors turned to
ETFs to access fixed income markets efficiently. ETFs
provided investors with an important vehicle for managing and
transferring risk, even in the face of the liquidity constraints of
the underlying bond markets.