MutualFundWire.com: An ETF Startup's AUM Doubles to $2B

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Friday, August 4, 2023

An ETF Startup's AUM Doubles to $2B

An ETF startup's assets have doubled in about three months.

Leland Carroll Clemons
BondBloxx Investment Management Corporation
CEO, Founder

Yesterday, Brian O'Donnell, co-founder of BondBloxx Investment Management, and JoAnne Bianco, partner at BondBloxx, confirmed that the Larkspur, California-based shop now has more than $2 billion in AUM. The milestone comes after the BondBloxx team revealed in late April that they had passed $1 billion in AUM and that Macquarie Asset Management had made a strategic equity investment in BondBloxx.

"We're grateful to our clients for making BondBloxx one of the fastest growing investment management firms, because we focus on helping investors navigate the bond markets with greater confidence and precision," O'Donnell states. "We are encouraged by the process and even more excited about the future."

The BondBloxx team team lays claim to being the first ETF shop focused entirely on fixed income. They launched the firm in October 2021 and rolled out their first seven ETFs in February 2022. Since then, BondBloxx's team has grown to 20 people and they offer 19 ETFs, confirms Colleen Kapoor, head of marketing.

Printed from: MFWire.com/story.asp?s=66274

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