While bonds have long been an I-beam of fixed income portfolios for investors, fixed income ETFs are modernizing the bond market and providing a far more nimble, versatile tool for institutional investors to manage risk and volatility in portfolios. They allow investors to use the two key advantages inherent in ETFs – the ability to trade on exchange, and all-in-one access to a variety of securities chosen to target specific exposures – to create more focused strategies and react more quickly to opportunities and risks.