(MT Newswires) -- Rick Rieder, BlackRock's (BLK) chief investment officer for global fixed income, announces the launch of a second ETF and explains the role of a total return fund in a standard 60/40 portfolio. He highlights the growing demand for ETFs, which are valued for their liquidity, transparency and usefulness in tax strategies and building dynamic investment models. He discusses competition and fees, and predicts that ETFs will overtake mutual funds by the end of the decade.

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