BINC: Attractive Fixed Income ETF From BlackRock (Rating Upgrade)
BlackRock(BLK) Seeking Alpha·2024-04-16 04:20
Tzido/iStock via Getty Images Thesis We covered the BlackRock Flexible Income ETF (NYSEARCA:BINC) shortly after its inception almost a year ago. In our original piece, we described the new fund and the intent of the asset manager in a macro environment that was favorable to fixed income funds. We are going to re-visit this name close to its 1-year anniversary, and on the back of a violent upwards swing in rates in the past few weeks. In our article, we are going to highlight why today's environment is ideal ...