There's so much news happening around the world that we're somehow supposed to stay on top of.

That's why we launched The Big Take.

It's a daily podcast from Bloomberg and I Heart Radio that turns down the volume a bit

to give you some space to think.

I'm Wes Kosova.

Each weekday I dig into one important story and talk about why it matters.

Listen to The Big Take on The I Heart Radio app, Apple Podcasts, or wherever you listen.

This is Masters in Business with Barry Rittoltz on Bloomberg Radio.

This week on the podcast I have an extra special guest and I know I say that all the time,

but Selim Ramji, global head of I shares and index investments for BlackRock,

I share runs about 4.6 trillion of the 7 trillion in oil of BlackRock.

Index investments is about 2.3 trillion.

ETFs are another 2.3 trillion.

And really, who is there better in the world to discuss ETFs and indexing than Selim Ramji?

We pretty much cover everything from passive to active.

We talk about ESG as a rising investment class and why BlackRock thinks that's going to exceed a trillion dollars over the next decade.

We discuss how the entire fixed income in bond market has moved so aggressively to ETFs

from what used to be a bespoke over the counter sort of old school type of Wall Street trade.

We also talk about the business of ETFs, how they've grown, how they've traded.

And then most importantly, we went over a variety of things involving governance

and what Larry Fink is doing to drive better behavior amongst the C-suite.

In reality, BlackRock looks at ESG as a fundamental risk factor and it's a way to help identify what companies are going to perform better.

...