Interest rate backdrop supports playing offense with bonds, according to Goldman Sachs former ETF head

Core Insights - Bonds are evolving beyond a safe haven, presenting opportunities for active investment strategies due to changing market conditions [1][2] - The Federal Reserve's recent interest rate cut to 3.75%-4% has created a more favorable environment for fixed income investments [1] - The 10-year Treasury Note yield has increased above 4%, having dropped nearly 2% in the past month and about 11% year-to-date [2] Fixed Income Opportunities - Emerging market debt is highlighted as a top-performing asset class within fixed income this year [2][3] - There is growing interest in private credit ETFs, which provide institutional-style yields with daily liquidity [3][4] - The company has launched a private credit ETF product and has another in registration, indicating a strategic focus on this segment [4]