Sound Enhanced Fixed Income ETF Price & Performance (FXED)

The PCEF ETF has significantly increased its exposure to BlackRock-managed funds, with six new additions since 2023, including BTX and BMEZ. This shift underscores a growing preference for technology and health sciences sectors. Meanwhile, exposure to other managers like Eaton Vance and Nuveen has seen moderate growth.1

BlackRock's latest commentary suggests tech valuations are becoming more attractive, with the sector maintaining strong earnings and capital expenditure. Additionally, gold is being emphasized as a superior portfolio diversifier compared to government bonds, particularly in the current inflationary environment.2

The fixed-income market is witnessing a rare trend, driven by a surge in AI-related bonds. These bonds, supporting data center developments, have attracted significant investment. Ultra-short bond ETFs are also gaining traction, capturing 40% of fixed-income ETF inflows this year, reflecting a shift amid market volatility.3