BlackRock CIO: Get Ready for Rising Rates
BlackRock's Rick Rieder says the Fed will still try to raise rates, and investors should diversify their fixed-income exposure and be thoughtful about where interest-rate risk is held.
Sumit Desai: Hi, I'm Sumit Desai, senior analyst at Morningstar's fixed-income manager research team. Joining me today is Rick Rieder. Rick Rieder is chief investment officer of BlackRock's Global Fixed Income Platform. He is the lead portfolio manager for the BlackRock Total Return Fund and the BlackRock Strategic Income Fund.
Rick, thank you for joining me today.