In episode 70, Alex Proimos speaks with Darren Wills, managing director, APAC head of fixed income iShares and institutional index at Blackrock.
In this episode, we discuss implementation and vehicles in building a fixed income portfolio. This topic is particularly important as we have seen new Treasury guidance on underperforming default funds that heightens the need to focus on the implementation of the Strategic Asset Allocation and thereby net performance, not just the headline fees. We also discuss the need to consider the total costs of ownership whether investors choose an ETF, synthetic, or index or mutual fund. We then go into the components that investors consider as part of strategic sub-sectors tilts, such as US investment grade and high yield, emerging markets, China and Australian bonds, when moving away from the global aggregate. Finally, we conclude the conversation with a discussion on ETF options and how they can assist with portfolio management over time.