Institutional use of bond ETFs is steadily on the rise, says a Greenwich Associates survey, but the increase in flows is not displacing individual bonds or bond funds, says Stephen Laipply, Director at BlackRock. Laipply adds despite the increase in use, fixed income ETFs are not increasing volatility in the market as alleged in a recent article in the WSJ. Instead, he says they simply reflect what is happening and will continue to do so as new products are introduced.

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