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Rating:An SSgA Product Wins the New ETF Race, So Far Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 19, 2013

An SSgA Product Wins the New ETF Race, So Far

News summary by MFWire's editors

IndexUniverse listed which new ETFs have gathered the most assets since the beginning of the year.

The SPDR Blackstone/GSO Senior Loan ETF [profile] is two months old and gathered the most assets at $279 million. The ETF is one of a kind, It's an actively managed senior loan ETF. So what is the reason it's working? Paul Baiocchi, senior ETF specialist at IndexUniverse explains:
As rates go up, so too do yields on senior loans. Of course, there’s the potential for a lag—as long as three months—but the allure of higher, market-adjusting yields is clearly striking a chord for many investors.
The number two pick was Barclays ETN+Select MLP ETN with $136 million. Coming in third place was the AdvisorShares Newfleet Multi-Sector Income ETF [profile] with $84.4 million under management.  

Edited by: Casey Quinlan

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