First Trust Advisors, the Wheaton, Il-based money manager known for its niche strategies, has launched its fourth actively managed ETF. The First Trust Senior Loan ETF (FTSL) is expected to compete with the recently launched SPDR Blackstone/GSO Senior Loan ETF (SRLN). Debuted last month, SRLN is also actively managed and has already accumulated assets of more than $160 million. FTSL …
New ETFs On The Block: SPDR Blackstone/GSO Senior Loan ETF (SRLN)
State Street Global Advisors (SSGA), the Boston, MA based distributor of exchange traded-funds, has combined forces with GSO Capital Partners, the global credit business of private equity behemoth Blackstone, to unveil the world’s first actively managed senior loan ETF – the SPDR Blackstone/GSO Senior Loan ETF (SRLN). If you are looking to invest in a liquid and cost-effective instrument for …