"Fixed income ETFs democratise market access by allowing investors to gain exposure to diversified bond portfolios through a single, easily tradable instrument. This levels the playing field, enabling even small portfolios to participate in markets that were once the domain of large institutions,†according to BNP Paribas. NBTR Goes Beyond the Norm Many of the legacy passive ETFs with which NBTR competes feature large rosters, but those portfolios lean heavily into Treasuries and U.S. government agency debt. ...